Troubled Homeowners To Receive Free Mortgage Counseling
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LOS ANGELES (CBS) — Thousands of troubled homeowners are waiting at the Shrine Auditorium for the “Save The Dream” tour organized by the Neighborhood Assistance Corporation of America.
NACA, a non-profit mortgage broker, promises to give overwhelmed homeowners the opportunity to get lower mortgage payments.
NACA counselors help people organize their paperwork and prepare a budget to send to lenders.
Major banks will have representatives at the event, which kicks off Thursday and ends Monday night.
More than 30,000 residents of the greater Los Angeles area are expected to attend. And while not all are guaranteed an easy solution, many of those in line — including Bill — remained hopeful that at least some relief would come.
“The situation now warrants that the banks give us a break, give us a hand,” said Bill.