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Wednesday, July 23, 2008

Foreclosure Help - NACA

If you know someone in need of help, holding off a foreclosure, check this out.

Breitbart.com: Thousands queue to save homes in Washington
Thousands of people, mostly blacks and Hispanics, lined up outside a Washington hotel Wednesday, clutching documents they hoped would help them save their homes and escape unaffordable mortgages.

Initially, NACA worked to get Americans with limited resources -- again often minorities -- onto the homeownership ladder.

Today, it has pledges worth 10 billion dollars from big US banks, primarily Bank of America and Citigroup, which allow the non-profit to put together loans that help tens of thousands of less-than-affluent Americans buy a home or keep one they are in danger of losing.

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