Are you one of the countless people looking for help from your bank or mortgage company only to have been turned down after several requests for help with a loan modification?
Tomorrow Jan 20, 2011, at the LA Sports Arena, a workshop is being held to help those who have been seeking help.
As we have been reading in the press, foreclosure rates are rising and home mortgage defaults are increasing. Banks that are smart are doing all they can to help keep homeowners in their homes if at all possible.
We read about people driving from Stockton, CA to attend this event, that’s a five hour drive, where many homes are worth 50% less than they had been 5 years ago.
More info on the Loan Modification Workshop being held in Los Angeles:
NACA’s Save the Dream Tour offers Free Same Day Solutions for Homeowners with Unaffordable Mortgages
ALL SERVICES ARE FREE
(Los Angeles, CA) – The nation’s leading homeownership organization announces the return of the most effective and unprecedented foreclosure prevention event in the nation. NACA’s Save the Dream Tour kicks off at 9 am January20th at the Los Angeles Sports Arena, 3939 S. Figueroa Street in L.A. Homeowners from around the country are expected to camp out at the arena hoping for a chance to save their homes. Thousands attended NACA’s event last year in California. The Save the Dream Event will run 11 days, It begins Thursday, January 20th at 9 am through Sunday January 30th at 8 pm.
NACA’s Save the Dream Tour has helped homeowners reduce interest rates to 3% or 2% and sometimes a principal reduction. Many receive a permanent restructure the same day.
“We are back in California because there remains a tremendous need to keep homeowners from losing their homes. We saw a massive turnout last year and we expect the same this time,” said NACA CEO Bruce Marks who has testified in congress about the effectiveness of the Save the Dream Tour and recommended ways for Congress to require lenders to restructure mortgages on a large scale. “NACA has shown that a permanent modification for tens of thousands of borrowers is possible when you provide lenders with the proper tools and require them to make mortgages affordable,” said Marks. NACA’s Save the Dream Tour has been one shining light in the mortgage crisis.
NACA’s Save the Dream event is open to owner/occupants and non-investors.
Sign up at https://www.naca.com/ or call 888-499-6222.
-NACA Management
BANK OF AMERICA – SAVE THE DREAM TOUR
ATTENTION BANK OF AMERICA HOMEOWNERS!!!!!!!!
On January 20, 2011 through the 30th, Bank of America’s “Save The Dream Tour” will be at the Los Angeles Sports Arena from 9:00 a.m. to 8:00 p.m., located at 3909 South Figueroa Street, Los Angeles, CA.
I have recommended to my clients to go there the day before and get in line the night before and CAMP OUT. You will need to bring the following documents.
What to Bring—Proof of Income and Residency
In order to provide proof of residency and income, you’ll need to collect a set of the following documents for everyone listed on your home loan. Please be sure to bring photocopies of your documents—not the originals. These documents include the following:
* 2 most recent pay stubs, or, if self-employed, quarterly or year-to-date profit/loss statement
* 2 most recent bank statements for all checking and savings accounts
* Most recent utility bill showing your name and property address
All of the following that may apply:
* Other income (such as social security, disability, death benefits, pension, adoption assistance, public assistance, or unemployment) along with a benefits statement or letter from the provider that states the amount, frequency and duration of the benefit
* Income from alimony, child support or separation* along with the divorce decree, separation agreement or other written agreement filed with the court
* Rental income along with copies of the most recently filed signed federal tax return with all schedules, including the Schedule E (Supplemental Income and Loss) or a current lease agreement
* Non-wage income (part-time employment, bonuses, tips and investment income), if more than 20% of total income, requires copy of documentation describing the nature of the income (for example, an employment contract or printouts documenting tip income)
* Proof of homeowners/condominium association fees
*You are not required to disclose child support, alimony or separation maintenance income, unless you choose to have it considered.
If you don’t get your loan modification at the Sports Arena, then please contact us and we can show you alternatives to saving your home!
