Baltimore City NAACP calls for moratorium on foreclosures in Maryland

Foreclosure Baltimore City NAACP calls for moratorium on foreclosures in MarylandBALTIMORE – Baltimore City NAACP President Tessa Hill-Aston announced on Friday that the group would hold a “Stop Foreclosures Town Hall” meeting to address the growing rate of foreclosures in the state of Maryland.

The group is also calling on Governor Martin O’Malley to issue an executive order for a moratorium on foreclosures in the state.

The Town Hall will be held on Saturday, December 14, 2013 at 2 p.m. ET at New Psalmist Baptist Church, located at 6020 Marian Drive in Baltimore.

President Hill-Aston said the Baltimore City NAACP and the Maryland State NAACP have been disturbed by claims of dual tracking, unfair modifications and other questionable practices that they say have put longtime homeowners and families at risk.

Foreclosures in Maryland rose by 5.7 percent in the third quarter of this year, according to the Maryland Department of Housing and Community Development. Foreclosures have increased by nearly 198 percent since last year and Maryland’s foreclosure rate is 70.5 percent above the national rate of 28.8 percent, the NAACP says.

“It’s time for someone to answer the questions of the citizens who feel they are being railroaded and displaced by this foreclosure crisis,” said Hill-Aston. “We’re calling on Governor O’Malley to put foreclosures in the state on hold until we can figure out what’s going wrong in Maryland, what needs to be done to reverse this trend and how we can protect Marylanders from losing their properties needlessly,” she added.

Public officials from across the state have been invited to participate in the meting and the general public will be given an opportunity to make comments and question the elected officials present.

Source: Baltimore NAACP

 Baltimore City NAACP calls for moratorium on foreclosures in Maryland

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