Maryland Foreclosures - I’m Facing Foreclosure In Maryland

What they want to tell you bout Foreclosure is:

The unemployment rate has fallen from 9.1% in August to 8.2% last month. Employers added an average of 212,000 jobs a month from January through March.

The supply of homes on the market fell 1.3% last month to 2.37 million, which could help drive up prices further in the coming months.

What they don’t tell you about foreclosure in Maryland is that:

-By The time it look as if the housing market has fully recovered you are months and months behind on all your bills.

-They don’t tell you that you have options and can still have a chance without messing up what little credit you have left.

-Some would-be buyers are skeptical about purchasing a home with prices still falling. Home appraisals that are higher or lower than the sales price have scuttled some home contracts. And many Americans are struggling with damaged credit and unstable finances.

 -Approximately eight percent of children in one state, or 88,000, have been affected by foreclosures , a report released today by the Brookings Institution said.

 The report, called "The Ongoing Impact of Foreclosures on Children," estimated that nationwide eight million children will be directly impacted by the mortgage crisis

The report said that nationally about one in 14 children, or seven percent of the child population, live in households that have already gone through a completed foreclosure or are at immediate risk of foreclosure

The report said that foreclosures can have a negative affect on children in four different ways.

First, families receiving foreclosure notices are much more likely to move than other families, and children who move frequently tend to do less well in school.

 -Second, homeowners receiving a foreclosure notice are under a lot of financial and psychological stress. Parents under this type of stress sometimes engage in harsher and less supportive parenting.

-Third, foreclosures have a negative impact on physical as well as mental health.

Finally, because foreclosures are often highly concentrated, children living in or near foreclosed homes may suffer the consequences of living in neighborhoods with more vacant houses and higher crime rates.


California, Michigan, Illinois, Maryland, Rhode Island, Colorado and Georgia round out the list of the states where children have been hardest hit by the mortgage crisis.

 If you want a 2nd change to get out of foreclosure and still have a little something consider selling your home before the banks take it.

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