FOR IMMEDIATE RELEASE
Press Release – October 11, 2014
LOS ANGELES AREA HOMEOWNERS & HOMEBUYERS GET UNPRECEDENTED MORTGAGE SOLUTIONS
WHO: Homeowners & Home Buyers
WHAT: Mortgage Relief For Homeowners – Mortgage Approvals For Home Buyers.
WHEN: Continuing Today through Tuesday, October 14th, 8:00 am – 6:00 pm each day
WHERE: Westin Bonaventure Hotel – 404 S. Figueroa St., Los Angeles, CA 90071
(October 11, 2014 – Los Angeles, CA) – Hundreds of Southern California homeowners and home buyers came to the first day of NACA’s American Dream Tour event at the Westin Boanventure Hotel yesterday to hold on to their piece of the American Dream. NACA (Neighborhood Assistance Corporation of America), HUD Certified non-profit, is conducting its final American Dream event in Los Angeles providing LA area homeowners with an opportunity to meet face-to-face with their lender/servicer to obtain a same day affordable mortgage modification.
The NACA American Dream Event, which is the nation’s largest and most effective homeownership event, will continue at the Westin Bonaventure Hotel today through Tuesday, October 14th with doors open from 8 a.m. to 6 p.m. each day. Also, home buyers have the opportunity to obtain America’s Best Mortgage. ALL SERVICES ARE FREE.
Mr. Ricardo Castro of Los Angeles attended the event yesterday and saved his home with an outstanding solution thanks to NACA. His lender, NationStar, reduced his payment from $3792 per month to only $2186, saving more than $1600 per month. Additionally, they reduced his interest rate to just 2%. “I’m still in shock”, Castro said. “I didn’t think I could really get this kind of help, but this is for real. Thank you NACA!”
NACA’s American Dream Tour event gives homeowners the opportunity to meet face to face with their lender along with a NACA advocate to obtain an affordable solution the same day. Many homeowners have their interest rate reduced to as low as 2% and possibly a principal reduction, saving hundreds and sometimes more than a thousand dollars a month on their mortgage payment. NACA has done over 150 American Dream events, with several previous events in the Los Angeles area, assisting over a quarter-million homeowners nationwide.
NACA has legally binding contracts with all the major lenders and investors to get this done with counselors and bank representatives on hand to provide face-to-face solutions. “NACA continues to be relentless in advocating for the homeowners” states Bruce Marks NACA CEO. “We do not take no for an answer and encourage the homeowners to continue to advocate. This includes filing complaints with the regulators such as CFPB to have them monitor the decisions of the lenders.”
Because of the mortgage crisis still facing Californians, and the overwhelming demand for NACA’s mortgage program, NACA will conduct one LAST American Dream event to help struggling homeowners in Los Angeles and the surrounding area. 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 potentially benefit from the recently announced $17 Billion mortgage settlement with the Justice Department as well as the other settlements. Since all of NACA’s services are free, homeowners have everything to gain and nothing to lose. RealtyTrac notes that there are currently 7,118 properties in Los Angeles alone that are in some stage of foreclosure.
NACA’s Home Save and Purchase programs have been highlighted on the national and local news as the most effective in providing affordable homeownership. This includes home buyers who can qualify at the event for NACA’s Best in America Mortgage: no down payment, no closing costs, no points or fees, and 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. For documents needed and to register, go to www.naca.com or call 281-968-6222. Walk-ins are welcome.
CBS Evening News: $17 Billion Mortgage Settlement
About NACA (www.naca.com):
NACA, Neighborhood Assistance Corporation of America, is one of the largest HUD certified counseling agency with more than two million members. NACA is the largest and most effective organization in modifying mortgages and provides the best mortgage in the country. NACA has been highlighted in the national news and its CEO Bruce Marks was named Bostonian of the Year for 2007 because of his work in getting the major lenders and servicers to modify home loans for borrowers who come through NACA. See Bostonian of the Year. He has also testified before Congress on numerous occasions including September 12, 2000, being one of the only people to sound the alarm of the pending mortgage crisis. For more information go to www.naca.com.