Group aims to help struggling Conn. homeowners

STAMFORD - Help may be on the way for southwestern Connecticut residents struggling to stay in their homes.The Neighborhood Assistance Corporation of America (NACA) has had counselors at the Stamford Marriott since Saturday to help homeowners modify their mortgages. The organization says nearly 3,000 people have already come by to give their information.NACA's CEO says it can help homeowners get interest rates as low as 3 percent and can sometimes reduce the amount of the loan. He says it is possible because the organization has agreements with many major lenders.

Blaine Booker, a Norwalk resident who attended the Save the Dream workshop, says he hopes the NACA specialists are able to help him. He says his mortgage reset to an unaffordable monthly amount and he decided to get help before it was too late.

?I can read the writing on the wall,? Booker says. ?I don't want to wait until I'm going through the foreclosure process.?

Anyone who restructures their mortgage through NACA is required to take part in advocacy activities for the life of the loan.The organization also led people to protest at local homes of bank CEOs, claiming they are to blame for the millions of foreclosures across the country.

advertisement | advertise on News 12

Trending Video

Max Antoine, 33, was shot and killed early 1 Family urges Stamford man's killer to surrender to police
A massive fire destroyed a home at 48 2 Fire destroys Gordon Avenue home in Briarcliff Manor
Video: Survivors reflect on Holocaust Remembrance Day 3 Video: Survivors reflect on Holocaust Remembrance Day
News 12 Long Island's Doug Geed takes a 4 Tasty Tuesday: Fresh spring ingredients
Steven Matz, of East Setauket, brought his family 5 LI native Steven Matz takes mound in Game 4

advertisement | advertise on News 12

Features

Focus on Connecticut Focus on Connecticut

Features local, state and federal officials discussing the issues around southwestern Connecticut.

Celebrates African-American culture in southwestern Connecticut. Our Lives

Celebrates African-American culture in southwestern Connecticut.

Each week News 12 Connecticut introduces you to Hometown Hero

News 12 highlights people who give to the community.

We spotlight a local team each week. Connecticut Team of the Week

Each week News 12 Connecticut highlights a team from a local school.

Sorry to interrupt...

Your first 5 are free

Access to News12 is free for Optimum, Comcast®, Time Warner® and Service Electric℠ video customers.

Please enjoy 5 complimentary views to articles, photos, and videos during the next 30 days.

LOGIN SUBSCRIBE