Foreclosure help
The Maryland Department of Housing and Community Development -- reacting to rising foreclosures and the expectation of worse to come -- said today that it is giving almost $1.2 million to homeownership counseling agencies helping residents in trouble. (See "What's New" column on the right side of the home page.)
The money, to be spread among 17 groups, is part of the state's Home Owners Preserving Equity (HOPE) initiative.
Falling behind on your mortgage payments, or afraid you will? You can call 877-462-7555 for information about HOPE. Got a complaint about lending practices? Call the state Department of Labor, Licensing and Regulation, 888-784-0136.
Sign up for the At Home newsletter 
Comments
Didn't these people sign contracts for a mortgage on a house that they couldn't afford? Why are our tax dollars being used to bail out people that didn't think to pick up a book about how ARM mortgages work? Why should these people be bailed out when many of us were smart enough to NOT buy when prices were unreasonable? Make those fools learn from their mistakes! Argh!
Posted by: Ron | October 1, 2007 8:37 PM