Hundreds of Charlotte Homeowners Line Up for Assistance Through NACA
"Save the Dream" Tour Comes to Charlotte, N.C.
According to its website, NACA is a non-profit, community advocacy and home ownership organization whose "primary goal is to build strong, healthy neighborhoods in urban and rural areas nationwide." The organization achieves this goal through affordable homeownership for its members and assisting with the prevention of foreclosure.
One of NACA's primary activities is putting together "Save the Dream" tours all across the United States. The purpose of this tour is to-over the course of several days-help thousands of homeowners modify their home loans. This week, the event will be held in Charlotte, NC, from Thursday, December 3, to Monday, December 7, at The Park (formerly the Charlotte Merchandise Mart) in East Charlotte. The event will be held from 9 am to 8 pm, daily.
According to NACA, the historic Save the Dream Tour has been an incredible success with over 350,000 participants in eleven cities. Charlotte is the 12th stop on the Save the Dream Tour. Thousands of homeowners across the country have received solutions to their mortgage troubles on the same day they attended the event, and those attending in Charlotte are hoping to see the same results.
During the event, NACA works with many major lenders and mortgage servicers to permanently reduce a borrower's mortgage payments, through a combination of interest rate and/or principal reductions. Two of NACA's largest partners are Bank of America Corporation and Citigroup Corporation. All of NACA's services are free to the public.
According to RealtyTrac, a foreclosure listing and tracking service, one in every 95,006 housing units in Charlotte, North Carolina, received a foreclosure filing in October 2009. Homeowners who attend the Save the Dream event are hoping to avoid continuing this disturbing trend.
North Carolina's unemployment rate in September hit 10.8 percent.
In addition to the Save the Dream tour, in which home mortgages are modified, NACA also offers homeowners the opportunity to originate their home loans or refinance their current home loans through the non-profit organization's America's Best Mortgage Program. With this program, homeowners purchase or refinance homes with, no down payment, no closing costs, no fees, no requirement for perfect credit, and at a below-market interest rate.
Source:
www.naca.com
www.realtytrac.com
Published by Sharetha Emanuel
Sharetha is a business professional and freelance writer living in Charlotte, NC. Her business experience includes banking, auditing, and real estate brokerage. Sharetha blogs about the real estate industr... View profile
- Citigroup Layoffs Overshadow Interest Rate to Spike to Come for Some Card HoldersWhile it is tempting to put the news of the Citigroup layoffs out of your mind, if you are a card holder, the Citigroup layoff news may be overshadowing the fact that your Citigroup credit card rate may take a hike.
- Will the Pending Interest Rate Cuts Help the Housing Market?Chairman Ben Bernanke of the Federal Reserve expects to lower interest rates again at their meeting in March and again in April. Will this be enough to help the housing slump and revive the economy?
- High Interest Rate Internet BankingThe big walk-in banks do not provide real incentive for saving. With typical interest rates of 1% or less, money in a savings account looses value to inflation. On-line internet banks offer an alternative, with int...
- Do I Have to Pay when My Credit Card Raises My Interest Rate?There may be a way to not pay a higher interest rate for your credit card but you must be willing to make a few sacrifices.
- Thousands of Individuals and City of New Orleans to Sue Army Engineers Over Levee...On the same day President Bush visited the Gulf Coast, thousands of individuals as well as the city of New Orleans, filed papers of intent to sue the Army Corps of Engineers, who they say is ultimately responsible for...
- How Twenty-somethings Can Achieve the Dream of Owning a Home
- Children's Photographers in Charlotte, NC
- Miniature Golf in Charlotte, NC
- Thousands of Americans Have Already Fallen Victim to Loan Modification Scams
- Children's Birthday Party Venues in Charlotte, NC
- Everything You Ever Wanted to Know About About Shooting in Charlotte, NC
- Movie Theatres in Charlotte, NC