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Council hears data on steep foreclosure rates in Prince George’s County, adopts resolution urging state action
Summary
A pair from Strategic Housing Solutions told the council that Prince George’s County remains Maryland’s foreclosure epicenter; the council introduced and then adopted a resolution urging the Maryland General Assembly, attorney general and governor to act on mediation, servicing and statute-of-limitations reforms.
Prince George’s County officials heard an extended briefing Oct. 7 on a surge of residential foreclosure filings and later adopted a county resolution urging state action to protect community wealth and housing stability.
Housing advocates Liz Johnson and Beth Jacobson of Strategic Housing Solutions told the council that Prince George’s County records the largest share of Maryland foreclosure filings and called for changes including stronger enforcement of mediation rules, limits on sale of long-dormant second liens and a state statute of limitations on foreclosure claims.
Jacobson, who detailed mortgage-industry practices and enforcement gaps, told the council that “Prince George’s County recorded the most foreclosure filings in the state” and identified ZIP codes with particularly high activity. She described “zombie second mortgages” — aged…
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