Last night the Maryland General Assembly passed HB 472. This is the mandatory mediation bill introduced my Gov. O’Malley. This bill will enable homeowners to insist on mandatory mediation prior to a lender commencing foreclosure. Lenders also must be able to show that a loan modification or alternate loss mitigation options have been discussed.
Homeowners this is your chance to fight back, please contact me today at 301-343-7671 for a copy of the bill and understand your rights. I will update this post again with more details in the coming days.