11 Feb 2011

Maryland foreclosure crisis is holding steady

By Melody Simmons Daily Record Business Writer One in every 1,503 Maryland housing units received a foreclosure notice last month, according to new data by RealtyTrac. The figures reflect that the housing crisis that has swept the U.S. over the past three years is holding steady as the effects of the Great Recession continue to […]

02 Jun 2010

Maryland Legislature Passes New Laws Regarding Forclosures

Maryland Enacts Foreclosure Mediation Law. On April 13, Maryland Governor Martin O’Malley signed a law (H.B. 472) giving homeowners the right to mediate foreclosure with a neutral third party and requiring lenders to conduct loss mitigation analyses before foreclosing home loans. The law applies to 1-4 family residential properties occupied as the borrower’s primary residence […]