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Saturday, April 12, 2014

Foreclosure Rates Remained High In March in Maryland

Even as the housing market recovers nationwide, echoes of the mortgage lending crisis continue to reverberate in Maryland, home to the nation's second-highest foreclosure rate last month.

One in every 527 housing units in the state was touched by a foreclosure filing in March, the 21st consecutive month of year-over-year gains and the second highest rate in the country behind Florida, according to a monthly report by RealtyTrac, a California real estate firm.

Meanwhile, median home prices in the Baltimore region remained flat, and distressed properties continued to make up an elevated share of sales, according to new reports on the regional housing market released Thursday.
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1 comment:

  1. AnonymousApril 12, 2014 at 10:22 PM

    Losing a home is horrible but the process of trying to save your house is just slightly easier than trying to by a foreclosed property. I don't understand why a bank that is forced to own a property wouldn't want to get something for it or why a person who has gotten enough money to pay their back payments has to spend it on fees imposed by the bank.

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