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Free News Articles Home Directories and Portals ForeclosureDeals Reacts to the Current Home Foreclosure Crisis ForeclosureDeals Reacts to the Current Home Foreclosure Crisis Author: ForeclosureDeals
Dateline: Tue Wholesale College Jerseys , 28 Apr 2009

freeNewsArticles Story Summary: “MIAMI, Fla., April 28 (SEND2PRESS NEWSWIRE) -- ForeclosureDeals announces that their comprehensive foreclosure listing website continues to provide people with significant foreclosure listing leads. The most recent move to meet the foreclosure crisis was the Treasury Department's announcement that it is taking the first steps of action in addressing the loan modification program.”

A R T I C L E:

MIAMI, Fla. Wholesale NCAA Jerseys , April 28 (SEND2PRESS NEWSWIRE) -- ForeclosureDeals announces that their comprehensive foreclosure listing website continues to provide people with significant foreclosure listing leads. The most recent move to meet the foreclosure crisis was the Treasury Department's announcement that it is taking the first steps of action in addressing the loan modification program.

The Homeowner Affordability and Stability Plan will aid approximately 9 million families to restructure or refinance their mortgages to avoid foreclosed homes.

The two-part plan, unveiled in February, calls for lenders to reduce monthly payments to no more than 31 percent of eligible borrowers' pre-tax income or to refinance eligible mortgages even if the homeowner has little or no equity.
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In a story reported on CNNMoney, President Obama said he sees "glimmers of hope" in the economy. But he tempered that by saying, "We're not out of the woods just yet."

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"Our goal is to provide people who want to save significant money on their next home with the most comprehensive and up-to-date foreclosure listing website available," James Fox, Investment Analyst for ForeclosureDeals, says.

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