Cleveland: Thousands turn out for NACA 'Save the Dream' event

CLEVELAND -- Everywhere you looked in the arena at the CSU Wolstein Center downtown, there were cheers.  And there were tears.

People facing foreclosure on their homes learned that their mortgages were being modified to something they can afford, and they will not lose their homes.

Related story: What you need to apply

An elderly woman fighting cancer had her mortgage payment cut by several hundred dollars and she will be able to stay in her home.

A woman drove six hours from Maryland looking for help. Her lender agreed to a mortgage modification that will not only allow her and her two teenage children to stay in their home, they will also be able to afford needed school supplies.

A single mother of two from Amherst, $7,000 behind in her mortgage payments and facing eviction, will not have to give up her home.

"The lenders appreciate that our counsellors are doing the work for them," said Bruce Marks, founder of the Neighborhood Assistance Corporation of America, sponsor of the four-day event.

"We determine a monthly payment the homeowner can afford, submit it to the lender, and, in most cases, they agree to modify the mortgage.

Marks says 80 percent plus of the people attending the event will have their mortgage payments lowered to enable them to keep their homes.

The "Save the Dream Tour" continues Saturday and Sunday from 9 a.m. to 8 p.m. and Monday from 9 a.m. to 5 p.m. For more information, click here to go to NACA website.