(Charlotte, NC) — While the Obama administration’s plan to help homeowners avoid foreclosure is failing, NACA’s Save the Dream Tour has been one shining light in the mortgage crisis. At 1:00 p.m. on Tuesday December 1st , at NACA’s Counseling Center located at 5855 Executive Center Drive, 2nd Floor, NACA’s CEO Bruce Marks, along with homeowners previously helped in the program, will announce the Save the Dream Tour’s arrival in Charlotte, North Carolina.
NACA’s Save the Dream events are incredible with thousands of people having their mortgages payments permanently reduced by over $500 and many by over $1,000 a month often with interest rates reduced to 3% or 2% and sometimes a principal reduction. Many will be done the same day. We expect more than 50,000 homeowners during the five days. There will be over 350 NACA counselors to determine an affordable mortgage payment for the borrower, and hundreds of lender staff from all the major lenders to process and approve the solutions. NACA has legally binding contracts with all of the major lender/servicers, including Fannie Mae and Freddie Mac. All of NACA’s services are FREE.
“NACA has shown that permanent modifications for tens of thousands of borrowers are possible when you provide lenders with the proper tools and require them to make mortgages affordable.” says Bruce Marks NACA CEO. “President Obama needs to stop pleading, begging, bribing and now shaming the lenders to do what they should be required to do. We invite the Treasury Department to visit the Charlotte and the New York City event the following week to witness the NACA solution to the foreclosure crisis in person.”.
The Save the Dream event takes place at The Park, formally known as the Merchandise Mart, in Charlotte for five days from Thursday, December 3rd through Monday December 7th from 9 am to 8 pm each day. The tour continues to New York City’s Javits Center from Friday December 11th through Monday December 15th.
The incredible success of NACA and its Save the Dream Tour was featured recently on the CBS Evening News and on ABC’s Nightline as well as on National Public Radio.
All of NACA’s services are free. Homeowners drive and fly from long distances to attend these extraordinary Save the Dream events. Anyone interested in attending the Save the Dream event Thursday December 3rd through Monday the 7th can pre-register at naca.com; or register by calling toll-free (888) 499-6222. Walk-ins are welcome.
About the Neighborhood Assistance Corporation of America (www.naca.com):
Founded in 1988, NACA is a national non-profit community advocacy and homeownership organization headquartered in Boston. Through its 38 offices nationwide and two call centers, NACA has set the national standard in restructuring thousands of mortgages to what the homeowners can afford as well as providing the best mortgage in America for homebuyers.
News of NACA’s program and advocacy has been featured in national and local media. The Boston Globe chose Bruce Marks, founder and CEO of the Neighborhood Assistance Corporation of America (NACA), as its 2007 Bostonian of the Year. There is tremendous recognition for the effectiveness of NACA’s advocacy and for providing real, affordable homeownership solutions for working people. Bostonian of the Year.