Bill introduced to Baltimore City Council with, effectively, a 1-year moratorium on evictions
By Gus G. Sentementes and Liz F. Kay | gus.sentementes@baltsun.com and liz.kay@baltsun.com
9:52 PM EST, February 23, 2009
The Baltimore City Council is considering a plan to slow the foreclosure process in hopes of stemming the tide of evictions, which city housing activists have tried to combat recently with protests and, in at least one case, allegedly illegal measures.
As the Obama administration moves on a national plan to tackle the mortgage crisis, City Council members Mary Pat Clarke and Bill Henry, both Democrats, have introduced a plan to extend the time between foreclosure and eviction from 14 days to 365 days to encourage lenders to negotiate with owners who are falling behind on loan payments.
The plan appears to have strong initial support on the council -- 11 of 15 members are listed as co-sponsors. Council President Stephanie C. Rawlings-Blake and Mayor Sheila Dixon have yet to take a position.
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2 comments:
Foreclosure is the major cause of our financial crisis. Government should really prioritize this issue.We should really keep ourselves updated.Thanks for sharing your thoughts.Good Day!
great blog. thanks for the info.
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