SAN JOSE (CBS 5) – A mortgage modification event being held this week at the San Jose Convention Center represents a last ditch- effort for hundreds of homeowners keep the roofs over their heads.

About 1,000 people lined the street outside the McEnery Center Friday morning for the start of a 6-day event aimed at restructuring the mortgage for California residents who now owe more than their home is worth.

Many of the attendees have spent months, or even years going back and forth with their banks, often getting the runaround.

The non-profit Neighborhood Assistance Corporation of America is behind the free event known as “Save the Dream.” Their goal is to get lenders and borrowers under one roof to talk face-to-face.

“When that decision maker, that banker is in front of the homeowner, they are in it together now. It’s not a piece of paper, it’s not a phone call, it’s a person with kids, with family, who wants to save their home. That emotion is absolutely crucial,” said of NACA.

By bringing the banks and homeowners together, NACA says they’ve saved hundreds of thousands of homes, and hope to eventually put themselves out of business.

(Copyright 2011 by CBSSan Francisco. All Rights Reserved.)

Comments (7)
  1. Bloodhounds says:

    Don’t waste your time the banks do not care! If you’re underwater bail before 2012 because the laws are changing! Chase and B of A are the worst! The banks are always in a win-win situation. Been there done that! If all the people would stick together and not get loans, get rid of credit cards, go to credit unions, and small banks the big guys would feel it in their wallets! All they care about is $!

  2. NACA Online says:

    Please come to the event and see the people who are getting help before you make uninformed statements like “Don’t waste your time…”

  3. Dora Matasol says:

    I need to know if I recently filed for Chapter 13, can I Go to NACA and still try to modify my home loan? My current loan is 25% more than my income. Unfortunately BofA denied my loan modification x 3. Tomorrow 06/22/2011 is your last day in San Jose Convention Center. Please!!! Please!!! Please help me!!!! I will be waiting for your response….thank you!

    1. NACA Online says:

      You will need a letter from your bankruptcy attorney giving Bank of America permssion to pursue a modification. Even if you are not able to make it to the event today, you can complete the entire process electronically by registering at our website, We wish you the best!

  4. James Rodriguez says:

    NACA has helped 1000′s! But if for whatever reason they don’t help you just contact us @ our website. We have helped 1000′s! We have several programs to help the homeowner stay in their Home! We work with the homeowner! We do not work for or with the Banks! The Banks want your Home! Call US today and keep your Family in your HOME! GOOGLE “stopthebanksaveyourhome” Today! Pass this on…

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