Md. foreclosure mediation in low demand

Published October 11, 2010 4:00am ET



The number of Maryland homeowners requesting foreclosure mediation is trickling in at a small fraction of what was expected in the first three months of the new program.

The state expected about 4,360 homeowners to request mediation on defaulted loans in the 12 months ending July 1, 2011, according to the Maryland Department of Legislative Services. But in the last three months, only 130 borrowers took advantage of the new state

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