Foreclosure prevention conference helps Memphis homeowners - WMC Action News 5 - Memphis, Tennessee

Foreclosure prevention conference helps Memphis homeowners

(WMC-TV) – The city of Memphis will team up with the Neighborhood Assistance Corporation of America for a foreclosure prevention conference beginning Thursday morning.

The event will run for five days and features major mortgage lenders and their advice to help homeowners stay in their homes with a more affordable payment.

This will be NACA's third visit to Memphis through a joint effort with Memphis Mayor AC Wharton.

"Many of the blighted properties that taxpayers as a whole are paying for now are a result of folks simply not having this kind of relief," said Mayor Wharton. "This is not merely for those seeking the help, but it's for the interest of the city as well."

Memphis homeowner Dorothelia Fletcher said, "My payments went down from $1,100 to $866."

Fletcher says she attended a NACA event 2 years ago and organizers worked with her mortgage company. She is still in her home after counselors helped knock $25,000 off her mortgage.

NACA also helps homebuyers.

The event runs Thursday, February 13 through Monday, February 16 from 8 a.m. to 6 p.m. at Cook Convention Center.

Organizers say it's important to come prepared with the proper paperwork and to register online. You can find a list of all the paperwork you will need and can register online here:

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