Palm Beach Country Convention Center of Florida has become the heart of the foreclosure crisis.  A “Save the Dream” tour from the Neighborhood Assistance Corporation of America, or NACA, takes mortgage modification to troubled borrowers who want to save their home.

Over 20, 000 desperate American mortgagees travelled from as far as California, Georgia and Maryland arrive early to the biggest jamboree of struggling borrowers.

Omayra Delgado, a 33-year-old special education teacher whose Miami house has slumped in value from $160,000 (£103,000) to $60,000, says, “My home is in foreclosure. I’m trying to keep it. It’s either feed your kids or pay your mortgage”.

Hundreds of loan advisers and bank representatives wearing color-coded shirts have been put to work to assist with NACA’s mortgage modification. They were seated at tables inside the Convention Center for orientation and financial counseling sessions with homeowners nearing foreclosure. Lucky applicants received home loan modifications with interest rate reductions and cuts to the principal balance.

“This is the only way to dig the nation out of the housing morass: What you hear from the Obama administration is “we’re helpless our programs aren’t working”. What you hear from Congress is “we don’t know what to do so we’re going to do nothing”, Naca Executive Bruce Marks, said.