(Atlanta, GA) NACA (Neighborhood Assistance Corporation of America), the nation’s largest HUD Certified non-profit, will be conducting its one and only American Dream Tour Event in Atlanta for five days, starting this Friday, May 15th. The American Dream Tour Event will take place at AmericasMart, Building 3 at 250 Spring Street NW in downtown Atlanta. Doors will be open from 8:00am to 6:00pm each day.
In spite of suggestions to the contrary, a mortgage crisis still exists in the United States. More than seven years after the housing bubble burst, there are nearly one million homes across the country still in some stage of the foreclosure process and seven million homes still seriously underwater with mortgage balances more than 25% greater than the value of the home. The NACA American Dream Event is the nation’s largest and most effective homeownership event. NACA has conducted more than 150 such events across the country, resulting in more than a quarter-million homeowners receiving affordable mortgage modifications and saving their homes from foreclosure.
“Millions of homeowners across the country still have a great need for help, so NACA continues to be relentless in advocating for homeowners” states Bruce Marks, Founder and CEO of NACA. “We do not take no for an answer and encourage the homeowners to continue to advocate. This includes filing complaints with government regulators such as the CFPB to have them monitor the decisions of the lenders.”
This will be the only opportunity this year for area homeowners facing foreclosure or with unaffordable mortgages to have an opportunity to meet face-to-face with their lender/servicer to obtain a same day affordable solution. ALL NACA SERVICES ARE FREE OF CHARGE.
NACA’s American Dream Tour event gives homeowners the unique opportunity to meet face to face with their lender along with a NACA advocate to obtain an affordable solution the same day, thanks to the legally binding agreements has with all the major lenders plus investors Fannie Mae and Freddie Mac. Many homeowners have their interest rate reduced to as low as 2% and possibly receive a principal reduction, saving hundreds and sometimes more than a thousand dollars a month on their mortgage payment.
This will be NACA’s one and only event in Atlanta during 2015, so it is crucial that everyone in the area take advantage of this opportunity to meet with their lender for a same-day solution to their unaffordable mortgage.
Homeowners with Bank of America loans can still potentially benefit from last year’s $17 Billion mortgage settlement with the Justice Department. Homeowners with loans from any major lender can also benefit from the terms of the National Mortgage Settlement as well as other settlements. Since all of NACA’s services are free, homeowners have everything to gain and nothing to lose.
NACA’s Purchase Program will also be highlighted at the event, including the game-changing 15-year Freedom Loan introduced last September. This historic mortgage program allows homeowners to build personal wealth rapidly through a shorter term loan that starts with a lower interest rate than a standard 30-year mortgage, plus features an aggressive interest rate buy down feature that allows the interest rate to be lowered to virtually zero.
Just as with NACA’s 30-year mortgage, home buyers who qualify at the event for NACA’s Best in America Mortgage do so with no down payment, no closing costs, no points or fees. Everyone receives a below market interest rate without consideration of their credit score, but based on their individual circumstances. Homeowners and homebuyers can again realize the dream of affordable homeownership.
NACA’s Home Save and Purchase programs have been highlighted on the national and local news as the most effective in providing affordable homeownership, including the recent history making Detroit Neighborhood Initiative:
CNN: One man’s fight against Foreclosures
New York Times: The Homebuyer’s Champion
CBS Evening News: $17 Billion Mortgage Settlement
Detroit Neighborhood Initiative: Mortgage Announcement for City of Detroit Residents