Nonprofit promises solutions for homeowners facing foreclosure

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by Daniel Mueller / KMOV.com

KMOV.com

Posted on August 17, 2012 at 9:31 PM

Updated Friday, Aug 17 at 10:03 PM

ST. LOUIS (KMOV.com) -- The National Assistance Corporation of America is back in St. Louis, offering homeowners potential solutions to their mortgage nightmares.

NACA's event, dubbed the "American Dream Tour," runs from Friday through Tuesday at the Chaifetz Arena. The nonprofit promises to connect struggling homeowners with major banks to prevent foreclosures.

News 4 asked the organization how it makes money from the event.

"The way we are able to fund the operations...when someone gets an affordable mortgage and makes their payments three months in a row...the banks pay us," said a NACA representative. "But we only get paid for demonstrations of working."

Organizers say participants should bring identification and financial information to the event, which runs from 8 a.m. to 8 p.m.

For more information on the program, visit https://www.naca.com/nacaWeb/index_main.aspx

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