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Real Estate Blog

Maryland Foreclosures Up 20% in 2014

Maryland foreclosures are up 20% in 2014 and Baltimore foreclosures are up 6% from one year ago according to statistics compiled by RealtyTrac. Approximately 1 in every 17 housing units in Baltimore had a foreclosure filing. Maryland is now ranked 3rd in the United States for foreclosures, falling from 2nd in 2013.

Maryland has consistently topped the list for foreclosures because of litigation the state participated in during the housing crisis. The litigation required banks to restart the foreclosure process on many homes long abandoned by owners who had stopped making payments. Maryland Housing Secretary Raymond A. Skinner, who retired at the end of August, made a statement in July noting that Maryland

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