Be aware that with a forbearance plan, you will still be required to make up the suspended payments at a later date. Maryland Groups Pushing for Foreclosure Moratorium Posted on March 31, 2014 by The Law Firm of Kevin D. Judd According to the Baltimore Sun , civil rights groups from across Maryland are lobbying lawmakers in Annapolis to impose a six-month moratorium on home foreclosures because of the high number of cases in the state. Email address. Furthermore, there is a foreclosure and eviction moratorium in place until January 31, 2021 for mortgages backed by Fannie Mae or Freddie Mac. A federal moratorium may apply to certain foreclosure matters. Baltimore developer Ernst Valery files class-action lawsuit against Wells Fargo, alleging racial discrimination, ordered landlords not to evict any residential tenants, Anne Arundel County firefighters rescue four people and a dog from flooding roads in Laurel, Linthicum, Death of Baltimore child, 1, ruled homicide after fentanyl poisoning, Man killed, two women injured in overnight shootings in West Baltimore. A recent article had indicated that HUD had granted an additional 30-day moratorium on federal mortgage foreclosures for approximately 3,000 mortgagors who may have been victims of real estate flipping or other improper loan process. If you are current at the time you enter into a forbearance plan with a federally-backed mortgage, the mortgage servicer should continue reporting your loan status as “current” to the credit bureaus. The Maryland Department of Housing and Community Development’s website has foreclosure prevention information, including how to access FREE help from state-approved nonprofit housing counseling agencies. Maryland Foreclosure “Moratorium” to Expire Soon By Brett Weiss, Esq. For easy-to-access lists of banks and credit unions in Maryland, including links to websites and contact information, see: Be aware that many mortgage lenders and servicers are operating on a limited capacity, following COVID-19 emergency procedures in order to comply with states’ directives enforcing social distancing. Have your relevant documentation ready before you call, including your most recent loan statement and the amount of your reduced income or unemployment benefits. The moratoriums on single-family foreclosures and evictions for certain federally-backed mortgages have been extended until the end of December. Maryland Gov. If you do not have your statement, use the Nationwide Multistate Licensing System to search for the company by name. HUD to extend foreclosure ban protecting 8.1 million people until 2021 The ban applies to the roughly 8.1 million homeowners with single-family … Use the Fannie Mae lookup tool and the Freddie Mac lookup tool to check if either of these entities owns your loan.). … The State of Maryland has joined numerous other states in issuing an order dated April 3, 2020, that extends its temporary prohibition on residential evictions suffering substantial loss of income due to COVID-19 to commercial evictions. There may also be additional charges for itemized expenses such as court costs, postage or even travel. :+(5($6 7r surwhfw wkh sxeolf khdowk zhoiduh dqg vdihw\ lw lv qhfhvvdu\ wr vxvshqg wkh hiihfw ri fhuwdlq vwdwhv uxohv ru uhjxodwlrqv ri djhqflhv ri That across the boar stay on foreclosures and evictions was lifted on July 25, 2020. The end of the foreclosure moratorium may mean further indebtedness for already strained homeowners in Columbia. It should be noted that, while foreclosure moratoriums can bring short-term relief to a market in crisis, ... Maryland, where the number would rise from 5,034 to … Speaking during a State House news conference in Annapolis, Hogan said that more than 70 mortgage companies, banks, credit unions and other lenders have agreed “to provide additional flexibility to borrowers,” such as 90 days’ worth of deferrals on mortgage payments without late fees. Fees for legal assistance in foreclosure proceedings vary, many attorneys offer a flat fee arrangement, ranging from $1,500 up to $4,000. If you have an inquiry or complaint about a mortgage lender or servicer under the supervision of the Office, please contact us by email at DLFRComplaints-LABOR@maryland.gov or by phone at 410-230-6077. New Maryland Foreclosure Laws In the early phase of the pandemic, Maryland stayed all foreclosure actions (and evictions) in the state. If you are unable to pay your mortgage because of COVID-19 related circumstances or are currently facing foreclosure, notify your mortgage lender or servicer (the company where you send your monthly payments) as soon as possible to discuss your options.