Mayor Wharton teaming with NACA for foreclosure prevention event - WMC Action News 5 - Memphis, Tennessee

Mayor Wharton teaming with NACA for foreclosure prevention event

Source: WMC Action News 5 Source: WMC Action News 5
MEMPHIS, TN (WMC) -

Memphis Mayor A C Wharton has joined the Neighborhood Assistance Corporation of America (NACA) to introduce a homeownership and foreclosure prevention event.

NACA is a non-profit organization that helps struggling homeowners hang onto their homes and avoid foreclosure.

The event will run for free Friday, June 12, through Tuesday, June 16, from 8 a.m. to 6 p.m. at the Memphis Cook Convention Center.

At the event, homeowners with too expensive mortgages can get a free loan modification. NACA says they help homeowners save between $500 and $1,000 monthly off of their mortgage.

The event will also be aimed at helping residents become new homeowners.

Bank representatives will be at the event to assist with home loans and loan modifications.

For more information, go to NACA's website or call 888-499-6222.

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