Experts: Maryland foreclosure programs prolong crisis

Published May 23, 2012 4:00am ET



Maryland’s efforts to help cash-strapped homeowners avoid foreclosure are prolonging the housing crisis, according to housing experts.

Foreclosure filings in the state jumped 21 percent in the first quarter from the previous three months, while they dropped 4 percent in Virginia — which let the crisis run its course — and 7 percent nationwide, according to the foreclosure-tracking firm RealtyTrac.

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