They came by the thousands, transforming normally festive Cal Expo into a venue emblematic of California’s nightmarish housing meltdown. The Save The Dream program is for the employed and unemployed. Employed people should bring a pay stub from the past 30 days; self-employed people should bring the past six months of bank statements. Attendees also are encouraged to bring mortgage, property tax and insurance statements.
Real Estate
10,000 Line Up To Avoid Foreclosure, Line Half Mile Long
They came by the thousands, transforming normally festive Cal Expo into a venue emblematic of California’s nightmarish housing meltdown.
An estimated 10,000 people were in line Friday morning when the Cal Expo Pavilion’s doors opened on a five-day event aimed at helping distressed homeowners avoid foreclosure.
The line for the Neighborhood Assistance Corporation of America’s “Save the Dream” event stretched from the Pavilion, through Cal Expo’s east parking lot, onto Exposition Boulevard and nearly to Ethan Way – a distance of half a mile.
Sacramento-area homeowners stood shoulder to shoulder with those from all parts of California, Oregon, Washington, Nevada, Arizona and far beyond, hoping to have their mortgage payments lowered in order to keep their homes.
Their stories ran the gamut: underwater mortgages, unemployment, financial crises, long-missed loan payments and frustration trying to talk with lenders.
NACA officials this week wrapped up a six-day event at the Los Angeles Convention Center, where an estimated 40,000 came through the doors.
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