We understand the San Francisco Bay Area has been hit especially hard during this sub-prime mortgage crisis, so we are extending the event to five days instead of our usual four
San Francisco, CA (PRWEB) October 15, 2009
The last stop on Western U.S. tour of the Neighborhood Assistance Corporation of America's (NACA) nationwide Save the Dream tour is in the San Francisco Bay Area, starting Friday, October 16, and running through Tuesday, October 20, from 9 a.m. to 8 p.m. To avoid foreclosure and restructure their mortgages, thousands of distressed homeowners from all over the Bay Area and surrounding locales are expected to converge on the Cow Palace each day from early morning until well into the evening. For Cow Palace directions and parking information, visit:
This is the final city in the Western U.S. leg of the NACA tour. Los Angeles, the first city on the Western U.S. tour, drew more than 50,000 homeowners looking for mortgage restructuring relief, and the second and third cities, Phoenix and Las Vegas, drew approximately 40,000 homeowners each.
"We understand the San Francisco Bay Area has been hit especially hard during this sub-prime mortgage crisis, so we are extending the event to five days instead of our usual four," said Bruce Marks, CEO of NACA. "Our free event will be staffed by our hundreds of volunteers, who work with homeowners to prepare a budget that verifies and documents what the homeowners can afford. We then present these documents onsite to our over 200 bank representatives for approval. From past events, we can ensure troubled homeowners that many of them will come away with a lower monthly payment and sometimes even a lower principal."
NACA provides a free effective solution for at-risk homeowners with unaffordable mortgages by permanently reducing the interest rate often to 4%, 3% and 2% and, if necessary, reducing the outstanding principal to what homeowners can afford. 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.
Over 250,000 participants have already participated in the nationwide NACA Save the Dream tour in Cleveland, Chicago, St. Louis, Atlanta, Los Angeles, Phoenix and Las Vegas, providing same day solutions to thousands of homeowners, helping to avoid foreclosure, restructure mortgages, and reduce interest rates. Click here for media coverage from all the previous events.
The incredible success of NACA was also featured recently on national television. Click here to view ABC News Nightline feature on NACA's Save the Dream tour. The feature went on the frontlines with NACA CEO Bruce Marks, "a man trying to restore the American Dream."
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 Friday, October 16, through Tuesday, October 20, from 9 a.m. to 8 p.m. at the Cow Palace should pre-register for an appointment at NACA.com: (https://www.naca.com/members/keepInform.jsp?formType=campaign&campaignID=OA&campaignTitle=San%20Francisco,%20California%20-%20October%2016th%20-%2020th)
The website also lists documents that homeowners need to bring with them to the event. Homeowners can also register by calling toll-free (888) 499-6222.
About the Neighborhood Assistance Corporation of America (NACA):
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.
NACA Director of Communications & Public Affairs
Cell: 617 947 2632