Maryland Short Sales 301-343-7671

According to RealtyTracs July Foreclosure Market Report, Maryland posted one of the highest percentage increase in foreclosure activity.

Maryland reported a 35.11% increase in foreclosure activity versus July of 2009, second only to Michigan.  Nationally we are seeing a year over year decrease in the huge foreclosure states of Florida, California, Nevada and Arizona but Marylands foreclosure activity continues to gather steam.

As a Maryland homeowner this is very discouraging as it means that we will most likely see housing values continue to deteriorate.  If you are a Maryland homeowner facing mortgage issues, contact a professional today. There are many resources available to you to help avoid foreclosure.

If you would like to schedule a free consultation about your situation contact us today.

Well homeowners if you are 30 days or more behind on your mortgage, you are not alone. As reported in todays Baltimore Sun here are some facts about Marylands Foreclosure situation.

• 4% of maryland homeowners are currently in imminent danger of losing their homes.  This is an all time high, in 2008 only .5% of homeowners were in this situation.
• 14% of homeowners are 30 days or more behind on their payments, that is 1 out of every 7 homeowners.
• There is an increase in the number of homeowners that are 90 days or more behind on their payments.

you can view the entire article here

All in all, things don’t look to rosy.  Homeowners, you do have options and foreclosure is not one of them.  If you would like to talk about your options to avoid foreclosure don’t wait!  Give me a call today for a free consultation.

Maryland has led the country is some of their foreclosure prevention efforts and Gov. O’Malley is working hard to prevent the foreclosure challenge here in Maryland.   Maryland has set up a Pro-Bono Foreclosure Prevention Project where homeowners may discuss their situation with housing counselors and attorneys for free.  If you would like advice on your situation from a legal standpoint, check out this site:

http://www.probonomd.org/foreclosure.html

In addition to the advice given on this blog, homeowners need to seek all the avenues available to them if they are trying to save their home. 

Are you experiencing financial difficulties and looking for advice on the options available to you?  Contact me today,  I am personally committed to helping 100 Maryland homeowners prevent foreclosure in 2010.