If you want a glimpse into the Washington region’s foreclosure landscape this weekend, look no further than tomorrow’s annual Montgomery County Housing Fair.
The fair, a joint effort among the County and community organizations, banks, and nonprofits like the Latino Economic Development Corporation (LEDC), will provide information to county residents on foreclosure prevention, renters’ rights, financial education, and job readiness.
As lenders increase the number of home repossessions and scam artists continue to prey upon the vulnerable, the foreclosure crisis has recently taken twists and turns that raise the stakes for effective action in the region. The DC Office of the Attorney General announced on September 21st a Superior Court enforcement action against an individual charged with violating consumer protection law after scamming homeowners in the District. A new mediation law in Maryland designed to slow foreclosures has seen little traction. In the last two weeks, loan servicers Ally Financial and JP Morgan announced they were halting foreclosures in numerous states amid allegations that foreclosures were advanced through the judicial process with improperly signed court documents.