Foreclosures over the Holidays

by Deepak Gupta

Last month, I mentioned a case in which Public Citizen, together with Baltimore-based Civil Justice Inc., is challenging the constitutionality of mortgage foreclosure notice procedures in Maryland.  This morning, the Washington Post ran a very moving profile of our client, Joyce Griffin. The story recounts how Joyce, a first-generation homeowner, saved up her whole life to buy a house, was tricked into a predatory refinanced mortgage with the now-defunct Ameriquest, and never learned until it was too late that her home was put up for sale at a foreclosure auction on the courhouse steps.  She first found out that she had lost her house when she and her young daughter returned home one day and found a handwritten note that had been tacked onto the front door by the investor who bought the house.  The lawyers that conducted the foreclosure proceedings never tried to personally serve Ms. Griffin (the procedure that would have been followed in virtually any other civil proceeding, even an action to collect a very small debt), never posted the house, and did nothing when the certified-mail notices they sent were returned undelivered.   I'll be presenting oral argument in Ms. Griffin's case in the Maryland Court of Appeals in Annapolis on January 8. 

Comments

[mathewhadley]

Aside from your health there is nothing more important than your home. It’s where we raise our children, spend our holidays and know that we have a place to call our own when we are old and gray. If you are fortunate enough to own your own home, you know that you have an investment in your future. The problem is the cost of real estate gets more and more costly. Keeping up with mortgage payments in a tough economy is challenging.
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mathew

Foreclosures

[scott with Bad Credit Loans]

Foreclosures over the Holidays are a direct result of the loan issues to the home owner ie borrower. There are people that will help you before it is too late. They are called good mortgage brokers.