Washington Post (03/21/08) P. B6; Rucker, Philip
Legislation governing mortgage fraud and "foreclosure rescues" sailed through Maryland's House of Delegates on Thursday with ease. The first bill, in an effort to deter misrepresentation by mortgage lenders, establishes a criminal statute giving authorities the power to prosecute perpetrators of mortgage fraud. The other addresses schemes that deceive homeowners into signing over their property to third parties. Both are part of a package of bills introduced by Gov. Martin O'Malley (D) to curtail the growing epidemic of foreclosures in the state.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment