Know Someone in the Military That Was Foreclosed on? Have them read this story.
Subsidaries of Bank of America and Morgan Stanley will pay more than $22 mil to settle federal civil charges that they improperly foreclosed on 178 military personnel, some of whom were serving in the Iraq or Afghanistan wars. The article states that the banks failed to obtain court orders before imposing the foreclosures between 2006 and 2009 in 22 states. The cases will result in an average of $125,562 in payments per person.
The lenders were accused of violating the Servicemembers’ Civil Relief Act, which provides protections to military personnel. Under the law, they can’t be evicted and creditors can’t seize their property while they’re on active duty. The article also states that earlier this year, JPMorgan acknowledged that it had overcharged about 4,000 service members on mortgages and had wrongfully foreclosed on 14 of them. At the time, it paid $2 million to those affected and reversed the foreclosures.
If you are a servicemember and would like more information, click here.
To read the full article, click here.
About Chris Weymouth & The Weymouth Group, LLC and the TheMDRealEstateBlog.com: Your number one source for Maryland Real Estate Blogs, News, Videos, and more! Chris Weymouth, Luxury Home Realtor.
Chris Weymouth, Director, Certified Luxury Home Marketing Specialist, CLHMS and Debbie Weymouth, Manager, have marketed and sold over 4000 homes in Maryland since 1983. Expertly trained and award winning agents, they are leaders for The Weymouth Group at Keller Williams that has been recognized by their peers as one of the best in the business. Chris Weymouth is ranked in the top 1% at Keller Williams Select Realtors, top 1% in Howard County and Maryland among Realtors. Serving Central Maryland and all our friends and family for almost 60 years. Need a Luxury Home Marketing and Buyer Specialist in Howard County (Ellicott City, Woodstock, Clarksville, Marriottsville, Fulton, Laurel, West Friendship, Glenelg, Columbia, Elkridge, Dayton, Mt. Airy, Woodbine and more), Carroll County (Elkridge & Sykesville), Baltimore County (Catonsville, Woodstock, Owings Mills, Pikesville and Reisterstown), Anne Arundel County (Pasadena, Severna Park, Hanover, Severn, Glen Burnie, Annapolis and Odenton), Prince Georges County (Bowie & Laurel), -ontgomery County (Silver Spring, Olney, Bethesda and Sandy Spring) or Harford County? We Know This Market! Then call Chris at 443-280-1922 or email at- email@example.com
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Last one in Baltimore’s Inner Harbor is a rotten egg! Plan to make Harbor swimable! Video of life in harbor.
Categories: Anne Arundel County, Baltimore County, Carroll County, Howard County, Real Estate News Maryland, What Are They Building Over There?
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At least that is what you would smell like when getting out of the water today, however; if all goes according to plan, you’ll be able eat at the bottom of the harbor floor…sort of.
Before the idea of the Harborplace was ever conceived, Baltimore’s Inner Harbor was a working harbor. In the 60?s the harbor gave way to abandoned warehouses and blight. It wasn’t until the 1970s a plan was developed to revitalize the harbor. In the 1980, the Harborplace was born!
Today, the Inner Harbor is trying rebirth of sorts where the city will be trying to launch an effort to improve the water quality where fishing a swiming would be not only possible, but enjoyable. I can hear the collective groans from here! (see the Twitter reactions here)
In a recent article in the Baltimore Business Journal, Jack Lambert writes, “The ‘Healthy Harbor’ initiative calls for the city and Baltimore County to reduce sewage, trash and stormwater from entering streams and watersheds. The Waterfront Partnership would be working with city and county officials, and community organization to help accomplish the goals.”
The ultimate goal is to make the Inner Habor a place where all can be proud of and for those who are daring, willing to take the plunge and not come out looking like the Creature From the Black Lagoon.
A worthy goal of course. Think it can be done? Comment below!