Foreclosures in Md. doubled in past year

Published



Foreclosures in Maryland have doubled this year, said Thomas Perez, Secretary of the state Department of Labor, Licensing and Regulation.

The shattered housing market has largely been responsible for the nation’s economic crisis, and in Maryland, foreclosures have jumped from 22,000 in 2007 to nearly 50,000 this year, Perez said at a University of Maryland, Baltimore conference about the economy.

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