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Maryland Court of Appeals’ Steps Into the Mortgage Crisis

The Baltimore Sun reports that the Maryland Court of Appeals suggested during oral arguments in a foreclosure case Monday that the court may change with the times and alter notification procedures for foreclosures, which have been on the rise in Maryland and around the country as many of us have taken out loans we cannot afford. At issue, in this case, is the rule that allows that a home can be sold about two weeks after notification is sent to the homeowner. As in most states, there is no requirement that the notification actually should be received by the homeowner.

In a separate but related story, the Baltimore Sun reports that Baltimore has filed suit against Wells Fargo Bank alleging that the bank violated federal housing law by specifically luring blacks into high-interest mortgages.

Interestingly, the city chose Relman & Dane, a Washington based law firm, to bring suit on Baltimore’s behalf. Now, I realize from my 10-second review of their website to provide a link that they have a great deal of experience in this area of law. Still, are there no lawyers in Baltimore, who help support the city’s tax base, that could have handled this case? Peter Holland, albeit in Annapolis, is quoted in the Maryland Daily Record about the case. He is one of the leading consumer rights advocates in the state. Did anyone ask him? I have no idea what the selection process was and I know little about this area of the law. But it would make sense to have someone from Maryland representing Baltimore in these kinds of cases.

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