In contrast to the commendation of Maryland’s new foreclosure mediation law [”Maryland takes a shot at slowing the flow of foreclosures,” May 24] by Chad Williams, executive director of the Coalition for Homeownership Preservation in Prince George’s County, I believe the measure is flawed, adds to delay in foreclosure and, as such, hurts homeowners, neighborhoods and the economic recovery in
A new gold rush is sweeping the country — only this time the speculators are looking to get fat off the $4 billion home foreclosure industry by promising banks a streamlined and low-cost method to kick folks out of their homes. In the last two years, as the mortgage meltdown
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The terms “strategic default” and “strategic foreclosure” are somewhat synonymous. Homeowners in these tough economic times are faced with the daunting dilemma of whether or not to deliberately default on their mortgage as a way to secure a loan modification, short-sale, principal reduction, or return the home through deed-in-lieu of foreclosure.
Myths abound about credit scores, including the one where a short sale is far better for your credit score than foreclosure.
The 22 dilapidated houses are now vacant and in need of up to $11 million in repairs
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