State housing officials are working feverishly to beat a heck of a deadline: Finish processing enough applications by the end of Friday to make nearly $57 million in emergency loans to homeowners facing foreclosure, or give back to Uncle Sam whatever they can't spend in time.
Civil Justice might be small — you can count the full-time attorneys at the nonprofit legal-help group on one hand — but its impact has been anything but. Now its executive director, Phillip Robinson, says he intends to move on after eight years there.
Warnings from one of its members that there is a housing crisis in part of Edgewood prompted the Harford County Council Tuesday to authorize a review of the county's property Livability Code which sets maintenance and other responsibilities for owners of rental housing and their tenants.
The number of Maryland homeowners who are behind on their mortgages still is falling, but the pace of that decline has slowed as rising unemployment puts more pressure on borrowers, numbers released Monday show.
The online portal HOPE LoanPort and GMAC Mortgage have teamed up on a program to allow Maryland homeowners and participating mortgage servicers to exchange documents in foreclosure mediation cases electronically.
Blunders and outright misconduct by the companies servicing Americans' home loans are so common — and so difficult for homeowners to resolve — that the system is effectively broken, borrower advocates and an increasing number of regulators say.
People who are facing some kind of financial distress are often the most vulnerable to fraud. The recent case in Harford County Circuit Court, in which a man was convicted of duping an Edgewood couple out of money he said could be used to reduce their mortgage debt, is a lesson often taught but seldom learned until it is too late, namely that if it sounds too good to be true, it almost assuredly is.
Fewer Maryland homeowners were behind on mortgage payments or in foreclosure in the first quarter compared to the year-ago period, reflecting a real estate market on the mend, statistics released Thursday show.
GMAC Mortgage is dropping about 250 Maryland foreclosure cases that were apparently "robo-signed," giving homeowners a second chance to save their properties — and raising the possibility that other lenders might follow suit.