ANNAPOLIS, MD (February 9, 2012) – Governor Martin O’Malley today issued the following statement on the announcement of a nearly $1 billion settlement for Maryland homeowners facing foreclosure: “There is no more powerful place in our State than a family’s home, and there is nothing more important for a family’s security and future than a job. Today’s Read the Rest…
Governor O’Malley’s Blog
Posts Tagged ‘foreclosure’
Statement from Governor Martin O’Malley on Nearly $1 Billion Mortgage Settlement for Maryland Homeowners, February 9th, 2012
Governor Martin O’Malley and Lt. Governor Anthony G. Brown Highlight Foreclosure Prevention in Maryland, May 9th, 2011
Maryland officially becomes the first state in the nation to close an Emergency Mortgage Assistance Program loan ANNAPOLIS, MD (May 9, 2011) – Governor Martin O’Malley and Lt. Governor Anthony G. Brown today joined members of the Administration, community leaders and local elected officials at the home of Prince George’s County resident Fanny Melvin to encourage homeowners Read the Rest…
Real Property – Residential Property Foreclosure Procedures – Foreclosure Mediation (2010), March 1st, 2010
Establishes processes for loan modification or mitigation and mediation relating to foreclosure activity on residential property. This continues Maryland’s multi-faceted approach to the foreclosure crisis, involving reforms of mortgage lending laws, extensive consumer outreach efforts, and enhanced mortgage industry regulation and enforcement. http://mlis.state.md.us/2010rs/chapters_noln/Ch_485_hb0472E.pdf
Real Property – Recordation of Instruments Securing Mortgage Loans and Foreclosure of Mortgages and Deeds of Trust on Residential Property (2008), March 1st, 2008
Alters the requirements for recordation, notice, service of process, court filings, and cure of defaults. Prior to this legislation, Maryland’s foreclosure process was among the shortest in the nation seriously limiting a homeowner’s options. This new framework helps cure those defects and provides homeowners with options to avoid foreclosure, such as working out a payment Read the Rest…
Protection of Homeowners in Foreclosure – Prohibition on Foreclosure Rescue Transactions – Enforcement (2008), March 1st, 2008
Designates a new subtitle in the Real Property Article, as the Protection of Homeowners in Foreclosure Act and adds it to the list of provisions, the violation of which constitutes unfair or deceptive trade practices, under the Consumer Protection Act. This new Act applies to residences in default and not simply residences in foreclosure. This Read the Rest…
Foreclosure Press Conference, February 19th, 2008
Thank you all very, very much for being here. We’re joined by Secretary Skinner and Secretary Perez, some of our partners from nonprofit organizations and also, Lieutenant Governor Brown. And I wanted to take this opportunity to update you about a very serious challenge and crisis that we’re facing as a country and as a Read the Rest…
