Maryland’s foreclosure strategy targets mortgage-loan service response

Published



Lawmakers adopted emergency regulations Tuesday targeting mortgage loan services, which they said aren?t doing enough to help the record number of Marylanders facing foreclosure.

Gov. Martin O?Malley invited loan servicers to a meeting next week to create standard procedures for responding to homeowners facing foreclosure. An estimated 50 percent of the nearly 10,000 Marylanders facing foreclosure will never contact their loan servicers for assistance, O?Malley said, and those who do often complain of poor customer service.

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