The Neighborhood Assistance Corporation of America (NACA) is going on the road to help people avoid foreclosure.
The latest event is happening now at the Los Angeles Convention Center. The purpose is to help people reduce their mortgages to 2-3%.
NACA has been traveling across the county and attracting crowds of around 30,000. Judging by one woman's comment in the video they have had success.
Next stop is Sacramento.
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Jane - that seems like an interesting event. Have you been to one? Are they selling something?
Very interesting, Jane...what a sea of opportunity for an aggressive short sale agent! :)
Leilani
Simon, it is a mortgage company, so I would imagine it is not free. No, I haven't been to one. I don't like lines :)
Leilani, yes, can you imagine.
Jane- Have you been to one of these events? Do you think this might actually slow the foreclosures. I keep hearing that there is another round of foreclosures coming. That the banks have been holding on to them so not to destroy an already tough market.
Kim, I haven't been. And, yes, I have heard the same thing about banks holding onto foreclosures so as not to flood the market.