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Obama Plan Avoids Foreclosures in Washington
OBAMA PLAN AVOIDS FORECLOSURES IN WASHINGTON


With a loan modification under the Obama Plan regulations, Washington homeowners have a greater chance to avoid foreclosure than was ever possible.  As most have seen in the news, a great number of changes have occurred in recent months which have impacted American homeowners.  The "Homeowner Affordability and Stability Plan" is part of President Obama's strategy to help the American economy and housing markets get back on track. 
The Obama plan will save up to 9 million families from foreclosure with a loan modification or by refinancing their mortgages in order to avoid foreclosure, indirectly helping all Washington homeowners.  Responsible homeowners on the verge of defaulting are now able to find help in the escalating housing crisis.  As defaults and foreclosures contribute to falling home values, falling local businesses, and lost jobs, this plan may help prevent neighborhoods and communities from falling over the edge.  [White House, 2/18/2009; U.S. Treasury, 2/18/2009]
Obama stated back in January, 2009:
"My commitment is that we are going to fundamentally change some of the practices in using this next phase of the program. We're going to focus on housing foreclosures, we're going to focus on small businesses, we're ... more

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