Posted by Sheli Muniz - email
WEST PALM BEACH, FL (WFLX) - NACA's "Save The Dream" event is coming back to West Palm Beach.
The event runs from August 27 - 31. Homeowners can receive help 24 hours a day.
At a news conference Thursday, Mayor Frankel talked about the ripple effect of foreclosed homes. "The need is here. That's why we're back. Lot's of people we didn't reach. We want to do right by them," said Frankel.
Last time, the event drew tens of thousands of people who wanted to save their homes. The Palm Beach County Convention Center was filled to the brim at the end of February and beginning of March.
Twenty-four thousand people turned out looking to get their mortgages re-adjusted and lowered. NACA claims there were 16,000 successful cases with many situations of people reducing mortgage rates from seven percent to two percent and payments going down by hundreds of dollars.
NACA is reminding people you can get a mortgage through them. Prospective home buyer workshops are being held, and they are touting their 3.875 percent interest rate which is fixed for 30 years.
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