06/09/2018
Someone just raised the issue of foreclosures in MD, and I think if someone had to ask, it's possible that others are wondering as well, so I'm sharing my thoughts here: Foreclosures, gentrification, and homelessness is a serious problem which weighs heavily on me. I also talk about this in my video and on my website http://summerforcongress.com/district8issues/ under gentrification and homelessness. Unfair insurance practices, ridiculous hospital bills, predatory lending, subprime mortgages and job loss, are all frequent contributors to the ongoing foreclosure crisis in Maryland. What makes the situation worse, though, is the way that the law allows people with foreclosed homes to be treated. According to Md. REAL PROPERTY Code Ann. § 7-105.1, a person can make consistent payments on their home for 29 years and with one year to go before owning their home, find themselves unable to make those payments for 90 days, and lose their home. THEY lose EVERY penny that they ever paid or invested in the property. The bank keeps it all AND takes back the house. This is inherently unfair. Another situation which galls me is the plight of many long-time maryland homeowner who can't pay the increasingly expensive property taxes that accompany the sky-rocketing values of their homes. They face one of two choices, leave their home communities or face almost certain foreclosure and bankruptcy.
Important Issues for our DistrictMaryland’s 8th Congressional District encompasses the range of modern urban cities, fascinating historical attractions, and beautiful farms. With a diverse population of accomplished people working a variety of occupations, I would be proud to represent this distri...