Huge road show offers help for struggling homeowners - Fox29 WFLX TV, West Palm Beach, FL-news & weather

Huge road show offers help for struggling homeowners




WEST PALM BEACH-Call it a giant lifeline for troubled homeowners.  Friday morning at the Palm Beach County Convention Center, the Neighborhood Assistance Corporation of America, or NACA, will open its 14th mortgage modification road show.


This one is being called the "Save-A-Thon," because it is the first to stay open around the clock, 24 hours a day.
NACA works with homeowners and lenders, to reduce interest rates or principle, and thereby arrive at an affordable mortgage payment.  NACA claims a success rate of about 80 percent, and says close to 30 percent of the people who show up at the event, should get help the same day.


Two families have flown all the way from California to attend the "Save-A-Thon" in West Palm Beach.
"Well you know we love our house," said Angelica Salinas, of Pasadena, California, fighting tears.  "We have three kids.  Where are we going to go?  Where?"


Salinas said her mortgage payment is more than $4,000 a month, yet her husband is not working as many hours.  Salinas said efforts to work out something with the bank have been unsuccessful.  Coming to the "Save-A-Thon" may be their last hope to avoid foreclosure, they said.


"We are going to try and try and try, until we get our mortgage lowered," insisted Salinas.
Some 7,300 people have pre-registered, but walk-in's are welcome.  The "Save-A-Thon" starts Thursday at 9:00 a.m., and will remain open until midnight Monday.  You'll need to bring your pay stubs from the last 30 Days, your mortgage statement, and identification.

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