ST. LOUIS, July 29, 2009 (GLOBE NEWSWIRE) -- In a release issued earlier today by NACA, under the same headline, please note that the "Save the Dream Tour" will arrive in St. Louis at 2 PM and not 1 PM as previously stated. The updated release follows:
Several tour buses will hit St. Louis University's Chaifetz Arena Thursday, July 30th to kick off NACA's Save the Dream of Homeownership Event in Missouri. The buses, filled with hundreds of staff and volunteers, will hold a press conference outside Chaifetz Arena inviting struggling homeowners to take advantage of an historic opportunity to make their mortgage affordable. Hundreds of homeowners and volunteers will be on hand to welcome the tour to St. Louis. A number of elected officials will also be in attendance.
The tour buses will pull in front of Chaifetz on Thursday at 2 PM, July 30th.
The Neighborhood Assistance Corporation of America (NACA) was invited by St. Louis County Executive Charlie Dooley and St. Louis City Comptroller Darlene Green to bring its Save the Dream Tour here to speed up mortgage relief for thousands.
"We offer unprecedented solutions for homeowners caught up in the current mortgage and economic crisis," said NACA CEO Bruce Marks. "During the Save the Dream Events, borrowers can get mortgages restructured the same day. We will have our staff, as well as lenders and servicers on site and in their home offices working to make this the most comprehensive mobile servicing operation in the country."
The Save the Dream Tour comes at a perfect time for homeowners as the Obama administration just finished its meeting with mortgage servicers this week to get them to modify hundreds of thousands of home loans for Americans so borrowers can avoid foreclosure. NACA has been the exception in that it has secured legally binding agreements with all the major servicers to restructure loans to what homeowners can afford based on a documented affordability analysis. On the tour, thousands of borrowers receive modifications at once, thanks to NACA's advocacy, state of the art underwriting capability and legal contracts it has with all the major lenders.
St. Louis is the third stop on NACA's ten city tour to help homeowners. Fifty-thousand homeowners attended the last event in Chicago.
About the Neighborhood Assistance Corporation of America (www.naca.com):
Founded in 1988, NACA is a national non-profit community advocacy and homeownership organization headquartered in Boston. Through its 38 offices nationwide and two call centers, NACA has set the national standard in restructuring thousands of mortgages to what the homeowners can afford as well as providing the best mortgage in America for homebuyers.
News of NACA's program and advocacy has been featured in national and local media. The Boston Globe chose Bruce Marks, founder and CEO of the Neighborhood Assistance Corporation of America (NACA), as its 2007 Bostonian of the Year. There is tremendous recognition for the effectiveness of NACA's advocacy and for providing real, affordable homeownership solutions for working people. Bostonian of the Year.