Tuesday, August 31, 2010

Mortgage lenders hold loan work out jamboree in Florida

US Homeowners Flock to Florida Event in Desperate Bid to Save Properties

Welcome to America's biggest jamboree of delinquent borrowers. For five days, the Neighbourhood Assistance Corporation of America (Naca), a not-for-profit organisation, is working round the clock to help homeowners hang on to their houses. More than 12,000 people have signed up in advance and more than 20,000 are expected to turn up, travelling from as far afield as California, Georgia and Maryland.

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