Maryland is a state where the foreclosure process can take a while, and the state is paying for these delays now with a second foreclosure wave.

The Washington Post claims in a new report that “between January and June, Maryland went from having one of the lowest foreclosure rates in the nation to the third highest.”

The cause of this second wave – a backlog of delinquent loans that are just now making their way through the foreclosure pipeline.  

The Washington Post says:

“the backlog of troubled loans grew, mainly in states such as Maryland, where courts approve foreclosures and the process takes much longer. Lawmakers in Annapolis also passed a series of reforms to help homeowners try to save their homes, which made the foreclosure timeline even longer."

Most Popular Articles

Here’s how to use Fleq to buy a home without a mortgage

You asked, and we answered. A Pittsburgh startup company is introducing a new way to look at homeownership, and it creating quite a stir. But after our first Q&A with the company, readers still had more questions. Here are more answers to exactly how a no-mortgage home buying process would look.

Jan 20, 2020 By

Latest Articles

NYC real estate data firm Actovia salvages competitor CrediFi from the scrap heap

Just a few weeks ago, it looked like CrediFi, a commercial real estate data and analytics provider that had raised nearly $30 million in funding over the last five years, was mere days from shutting down. Now, it looks like the company has been saved from the chopping block, at least in some form, by one of its competitors no less.

Jan 22, 2020 By
3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please