Foreclosure

Maryland Morning
9:00 am
Wed March 5, 2014

Dealing with Debt After a Foreclosure

Credit Flickr / Jeffrey Turner

Sheilah Kast talks with Marceline White, Executive Director of the Maryland Consumer Rights Coalition, and Kathleen Murphy, President and CEO of the Maryland Bankers Association.
In Maryland, lenders have up to 12 years to take homeowners to court for any remaining debt they owe on a foreclosed home. It’s known as a “deficiency judgment.”  The General Assembly is considering two bills that could change deficiency judgments in Maryland.   We talk about both.

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