People Line up for Mortgage Modification Event | Money / Finance
Las Vegas valley homeowners looking to modify their mortgages in an effort to keep their homes will have a chance over the next five days. Experts will be on hand at one of the country's largest loan modification events.
People started lining up Thursday morning as the Neighborhood Assistance Corporation of America or NACA kicked off its first day of a five-day free loan modification event. People who can't afford their mortgages can talk to lenders about changing the terms of their loans. The event starts at 8 a.m. and lasts through 8 p.m. at the Las Vegas Convention Center.
NACA counselors along with staff members from top lenders will work with homeowners. NACA says it has reduced payments by hundreds, sometimes even thousands of dollars the same day as the event. They also say they have helped to reduce the homeowner's principal in some instances. At this event the lenders will include JP Morgan Chase which hasn't participated in past events.
If you interested you can sing up at NACA's website or by calling 888-499-6222. All NACA services are free.