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For Immediate Release

Media Contact:
Raquel Guillory, 410-576-6357
rguillory@oag.state.md.us

Attorney General Gansler, Governor O’Malley, Congressman Cummings Call on Mortgage Companies to Halt Foreclosures in Maryland

BALTIMORE, MD ( October 4, 2010) - In light of recent developments concerning faulty affidavits filed in foreclosure cases, Attorney General Douglas F. Gansler, Governor Martin O’Malley, and Congressman Elijah Cummings today called on the major mortgage companies to halt foreclosure proceedings in Maryland while the companies thoroughly review the manner in which affidavits are prepared, reviewed and signed, and the sufficiency of the process employed to verify elements of default leading to a foreclosure.

“In the last week, it has come to light that several mortgage companies admitted that they did not follow proper procedures in foreclosure cases and filed faulty affidavits,” said Attorney General Gansler. “Following this news, it is completely reasonable for Maryland to ask these companies and others that operate in Maryland to review their procedures to ensure that Maryland citizens have not been negatively impacted as a result of similar practices. While they undertake that review, we are asking these companies to halt foreclosure proceedings in Maryland until we are confident that no Maryland homeowner has or is in the process of losing their home as a result of a foreclosure proceeding that was not handled properly. ”

Copies of the letters can be found here….

   

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