When: MARCH 13th – 16th
Where: Columbia, SC
What: NACA Save the Dream Event allows some homeowners to restructure their mortgages the same day
Hosted by: Representative James Clyburn
Thousands line up to meet with Neighborhood Assistance Corporation of America (NACA) counselors to discuss their mortgages and keep their homes. According to an article in the Columbia Regional Business Report (CRBR), more than 10,000 people participated in the first three days of the Save the Dream event. NACA’s role is to work with homeowners and lenders to stave off foreclosures; often by reducing mortgage rates.
U.S. House Majority Whip James Clyburn was instrumental in bringing the group to Columbia. According to the CRBR report, Rep. Clyburn noted that “homeownership is the most widespread access to wealth in this country.”
According to an article in The State, 202 counselors were on hand to evaluate each homeowner’s situation; which averaged 45 minutes per case.
Even though the special event ends today, NACA will continue its work in South Carolina at its offices in Columbia and Charleston as well as its nearby offices in Augusta, Georgia and Charlotte, North Carolina.