Friday, October 1, 2010

Thousands show up in LA for free mortgage help

LOS ANGELES — Armed with folding chairs, coolers and jugs of water, thousands of people who want to avoid losing their homes lined up around the Los Angeles Convention Center on Thursday seeking help with mortgages they can no longer afford.

The nonprofit Neighborhood Assistance Corporation of America, which is offering homeowners the chance to restructure their loans at lower rates, said about 5,000 people were in line when the doors opened at 8:30 a.m...

[Full Article]