Maryland Legislature makes “Money Moves” against Abusive Foreclosures – Two Bills Introduced to start New Year

The Unfair Abusive Deceptive Trade Practices Statute of Limitations (HB 425)

• This legislation will ensure that homeowners who were unfairly and deceptively
  denied the opportunity to modify their mortgage loan in violation of Maryland laws, would have the right to sue their former mortgage lender for such violations.
• Last August, for example, Wells Fargo admitted publically that it conducted hundreds or thousands of foreclosures against homeowners due to its unfair evaluation of their loss mitigation applications between April 13, 2010, and Oct.…  

Underwater, Facing Foreclosure – The Banks May Not Drown You

During the 2007-2008 Financial Crisis, Banks and Investors undertook fewer foreclosures because such actions were losing propositions.  Now that the real estate market has recovered, Banks and Investors are using foreclosures to take your homes, and make lots of money.  While you are drowning, they are doing swimmingly well.  The delay by the Banks and Investors in bringing foreclosure actions however may be a lifeline for you.…  

More on Foreclosure in the D.C.

The Foreclosure Court in the District of Columbia is as active as ever, perhaps more so now than in the four years since it was created.  Attorneys for the Banks, other Financial Institutions and big Investors are joining together, consolidating their resources and knowledge, making for a formidable force against typically unrepresented homeowners.  Our friends and neighbors are losing their only asset for wealth building and legacies, gained over many years of hard work and toil. …