NACA: 17,000 homeowners sought loan modifications
Neighborhood Assistance Corp. of American Chief Executive Officer Bruce Marks said late Tuesday that more than 17,000 people had been through the doors at its marathon mortgage modification event in West Palm Beach.
That was a smaller number than he originally expected, “But we’ve been here for five days straight, 24-hours a day and people are still coming in.” Marks had said he expected more than 20,000 borrowers.
NACA isn’t entirely going away after the doors close at 8 p.m. Marks promised that the organization, which acts as a not-for-profit mortgage broker, will open a South Florida office shortly. There are 38 other offices and two call centers.
NACA says it has modified thousands of mortgages for South Floridians, at three events here since last year.
But its events can be tiring, and not just for the hundreds of NACA loan counselors and lenders who attend.
"I spent a lot of hours there,” said Barry Dubinsky, a homeowner from Delray Beach who said he was there for a couple of days. They had all the lenders there at one time, everybody you need to see.”
Dubinsky said the modification reduces his monthly mortgage payment by one-third.
Borrowers facing foreclosure or seeking loan modifications can still get counseling and information on mortgage modifications at Naca.com.
They can also turn to the Homeowners Hope hotline, 1-888-995-HOPE, to find counseling and assistance.
In South Florida, the Urban League of Palm Beach County also is a Department of Housing and Urban Development-certified foreclosure mitigation counseling agency. The service is free.
“We have a dedicated staff that worked with more than 450 families last year who were facing foreclosure and with good results,” said Patrick J. Franklin, president and chief executive officer.
Counselors are available Monday through Friday 9 am to 5 pm at 561.833.1461 ext 3000.
Forms and paperwork needed for the service are available at www.ULPBC.org.
The Broward County Housing Authority also offers foreclosure counseling at 954-739-1114, or www.bchafl.org.
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