Originally published Tuesday, October 27, 2009 at 10:20 AM
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Md. gov mulling foreclosure mediation legislation
Maryland Gov. Martin O'Malley says he's looking into legislation to require some effort at mediation "before the machinery of foreclosure and eviction starts up."
The Associated Press
Maryland Gov. Martin O'Malley says he's looking into legislation to require some effort at mediation "before the machinery of foreclosure and eviction starts up."
O'Malley said Tuesday that too many mortgage companies aren't taking the trouble to modify loans in meaningful ways before they seek to evict financially troubled families.
He also says he believes mortgage companies should have to pick up the cost of mandatory mediation.
That, he says, would provide an incentive for them to do more to help families weather tough times.
O'Malley made the remarks while urging more attorneys to participate in pro bono services that have helped struggling families.
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