The Neighborhood Assistance Corporation of America, or NACA, is a non-profit organization that runs what it calls the Save the Dream tour for homeowners in mortgage trouble. The event offers free, same-day solutions to restructure loans to prevent foreclosures.
Some Houstonians lined up very early Thursday morning outside GRB Hall B and were soon after telling us their success stories.
"My monthly payment went down about $600 and I'm really, really happy with that because with that money, I can do a lot better; I mean it's $600 that I'm going to be, not saving, but using for something else every month," said Adolfo Caballero of Richmond.
"Even if we don't walk away with a new mortgage, I think that it's going to give us an education of what we're supposed to be doing and what kind of forms we need. It's less intimidating than where do you go, where do you start?" said Kamilah Holmes of Rosharon.
NACA's Save the Dream event runs at the GRB from Thursday through Monday. It is open to owner/occupants and non-investors.
If you plan to attend this event, you should bring:
- Mortgage statement
- Home insurance declaration page
- County tax bill
- Verification of income (three months of pay stubs, six months of bank statements if you are self-employed)
If you receive any government assistance like Social Security or disability, then you'll need three months of bank statements.
For more information, you can visit NACA.com or call 888-499-6222.