restructuring-loans.jpg The “Save the Dream” Tour is traveling across the country, stopping in cities nationwide to rewrite contracts for people whose mortgages have become unaffordable. Thousands of homeowners at each workshop get interest rates reduced immediately, often drastically resulting in payments cut almost in half.

All the services are free. The Neighborhood Assistance Corporation of America (NACA) is a non-profit, community advocacy and homeownership organization. Their ability to restructure mortgages comes from agreements they have with many of the biggest lenders, like Wells, Chase, Citi, Bank of America and others.

The tour leaves Phoenix tonight heading for Las Vegas next weekend and San Francisco the following week.

Watch the 9-minute video about the group’s formation and success across the country…


  1. About 2 years ago I tried using NACA to help my partner purchase our house during a breakup. I admit the circumstances were unusual (two unmarried people having joint funds but the house being titled to only one of them, trying to move it to the other). Short version: I made the larger income, but he wanted to keep the house, and I wanted this to be possible for him. With a NACA loan this might have been possible. They gave him a run-around for over 3 months, ultimately not helping us, constantly saying things were “in process” or “under review”, but nothing had actually been sent anywhere.

    I think the NACA mission is great. I think we just had an incompetent and highly overworked employee helping us. My message is used to tell you that if you’re not getting at least some level of help & reassurance, don’t be afraid to say something about it.

    Someone needs to stand up for homeowners, and I think that NACA and groups like them does a great grassroots job of it. You just need to be your own advocate here too, like anywhere in life.

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