Maryland mortgage lenders
Stop Zombie Mortgages from Running Rampant! Urge Your Legislator to Vote NO on HB1516/SB1026
An NPR report found that more than 700 homeowners in Maryland are facing foreclosure on second mortgages that they believed were resolved or died years ago. Yet these zombie mortgages are rising now to feast on the rising equity in many Maryland homes. The vast majority of these foreclosures on second-mortgages are concentrated in Baltimore City and Prince George's County, which means Black and Brown homeowners are disproportionately affected by these foreclosures, just as they were hardest hit by predatory mortgage products. Yet, Governor Moore’s Office of Financial Regulation has introduced HB1516/SB1026, which will allow these predatory debt buyers to ...