Grassroots Netroots Alliance - Campaigning & Lobbying for Health, Justice, Sustainability, Peace, and Democracy

Grassroots Netroots Alliance

GNA STATE PAGES

Find the Politicians'
Answers Here:

States Blowing Past Feds in Fighting Foreclosure Crisis

Faced with total and continued inaction on the federal level, Maryland enacted a series of emergency measures earlier this month to combat the foreclosure crisis in the state.
  • HB 365/SB 216 reforms the foreclosure process and prohibits a foreclosure action to be filed for the latter of either 90 days after default or 45 days after a notice letter is sent.
  • HB 360/ SB217 creates a comprehensive mortgage fraud statute that allows the seizure of property used in connection with fraud and provides defenses against forfeit for innocent owners, tenant and property used as a principle residence.
  • HB 361/SB 217 establishes a requirement for a foreclosure consultant, bans foreclosure rescue transactions and provides consumer protections for sales of residences 60 days in default.

Read More