a man trying to restore the American Dream.
Los Angeles, CA (PRWEB) September 15, 2009
The Neighborhood Assistance Corporation of America (NACA) will hold a press conference at 10:00 a.m. (PDT) on Wednesday, September 16, 2009, in the Palos Verdes Room at the Westin Bonaventure Hotel, 404 South Figueroa Street, Los Angeles, CA. The press conference will feature homeowners who have already been helped by NACA's Save the Dream program.
With over 180,000 participants at events this summer in Cleveland, Chicago, St. Louis and Atlanta, NACA's "Save the Dream" tour has already provided same day solutions to thousands of homeowners, helping them avoid foreclosure, restructure home loans, and reduce mortgage rates. NACA's nationwide Save the Dream tour will continue September 24-28, 2009, at the Los Angeles Convention Center.
The incredible success of NACA was featured recently by Nightline on ABC News. Entitled The Financial Terrorist, the feature went on the frontlines with NACA CEO Bruce Marks, "a man trying to restore the American Dream."
According to Marks, "The NACA Save the Dream tour is our answer to the financial crises that has affected all segments of the housing market. NACA has conclusively shown that when working people get the benefit of a prime rate loan, they can resolve their financial problems, make their mortgage payments and become prime borrowers. NACA's track record of helping people who have credit problems become homeowners or restructuring a predatory loan debunks the myth that high rates and fees are necessary to compensate for their credit risk."
Started in 1988, NACA has led successful advocacy campaigns against predatory and discriminatory lenders as well as providing the best mortgage program in America with $10 billion in funding commitments. NACA is bringing its community organizing and unprecedented mortgage program to the diverse communities in Californai to assist people in achieving the dream of homeownership.
NACA has the most effective long-term mortgage solution for at-risk homeowners because it permanently reduces the interest rate, often to 4%, 3% and 2%, and if necessary reduces the outstanding principal based on what the homeowner can afford. This enables working people around the country to avoid foreclosure by helping them to restructure their home loans and reduce their mortage rates.
NACA's solution has established the national standard for long-term solutions for thousands of owner-occupant homeowners. NACA can do this because it has secured legally binding agreements with most of the major lenders and servicers, which covers 90% of the at-risk homeowners.
All of NACA's services are free. Homeowners drive and fly from long distances to attend these extraordinary Save the Dream events. NACA had over 500 staff and volunteers who put in long hours and lots of hard work to help so many homeowners save their dream.
Anyone interested in attending the Save the Dream event September 24-28, 2009, at the Los Angeles Convention Center should pre-register for an appointment at naca.com, You can also register by calling toll-free (888) 499-6222.
About the Neighborhood Assistance Corporation of America (http://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 homeownerscan afford.
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 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.