Advocates Call On Lawmakers To Pass Robust Protections for Homeowners
Advocates are continuing their call for Maryland legislators to pass relief for homeowners, warning of a looming foreclosure crisis unless lawmakers take action.
New foreclosures are currently halted in Maryland as a result of Gov. Lawrence J. Hogan Jr.’s (R) stay on new notices of intent to foreclose ― but advocates with the Maryland Judiciary Task Force warn that some foreclosures that were filed before the start of the pandemic are still proceeding, and that some homeowners might not be aware of their own forbearance options.
State data shows that the stay on new foreclosures has been effective in that no new notices of intent to foreclose have been sent out since Hogan first enacted his order last April, but foreclosures have still continued even despite options for forbearance offered to homeowners.
The task force, spearheaded by Progressive Maryland, includes a mix of advocates, experts and community leaders. At a Wednesday press conference, task force members said that some servicers aren’t complying with state orders to notify homeowners about forbearance options.
Read more: https://www.marylandmatters.org/2021/03/06/advocates-call-on-lawmakers-to-pass-robust-protections-for-homeowners/
