Wednesday, December 5, 2012

Mortgage relief workshop starting at convention center

Homeowners looking for help with their mortgages will be able to attend a free workshop at the Charlotte Convention Center beginning Thursday and running through Monday, sponsored by the Neighborhood Assistance Corporation of America.

The event will run from 8 a.m. to 8 p.m. those five days. Representatives from Bank of America, Wells Fargo, Chase, Citi, Fannie Mae, Freddie Mac and several others will be on hand to work with struggling borrowers.

Homeowners will also be able to sign up for an independent foreclosure review under the terms of a legal settlement.

NACA encourages people to register at its website and review the list of documents recommended to have on hand.

This is the third such event NACA has held in Charlotte. The organization said that one man, Junior Laguerre, was able to get his mortgage rate reduced from 6.5 percent to 2 percent, meaning his monthly payments fell from $1,249 to $587.


Valen said...

If you had the misfortune of having your mortgage bought buy fannie or freddie you are not a party to this fraud settlement. So even though the value of your home has dropped and you have been harmed financially by corporate fraud the fhfa wants you to stay underwater, and does not want you to receive any justice. I guess the fhfa prefers to have us walk away or try short sales, that way they can then receive 100% payment by way of constant tax payer bailouts, instead of forcing banks to pay for their mistakes and crimes or apply for payday loans in UK. Not that this settlement really solved anything. Its stupid of us to expect our government to protect us from corporate fraud by way of regulation and justice. Great lesson to teach to our kids.