Archive for the ‘Maryland’ Category

Housing Foreclosures Hit Maryland

Friday, May 23rd, 2008

Due to the rise in the number of Maryland foreclosure homes, suddenly there is an alarm amongst the state senators who are now trying their very best to protect the homeowners in the state from the crisis related to the sub-prime mortgage. Now the political think tank has started to look for various avenues and is thinking about implementing new laws, which will be able to save homeowners from this mega-wave of foreclosures by state.

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Maryland Suburbs Hit with Foreclosures

Sunday, April 15th, 2007

Although Maryland has one of the lowest foreclosure rates in the nation, it still did not escape consequences of reckless lending. By the end of 2006, around 45,000 Maryland foreclosures were recorded. Baltimore, a thriving suburban city, is already experiencing a considerable and continuing increase in foreclosures rate, making residents worry. The data on these Maryland foreclosures showed what experts have known all along. Majority of the foreclosure homes have either adjustable rate mortgages or interest-only payment options.

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