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Changes to Maryland Foreclosure Law: Steak or Sizzle? »

Maryland legislators touted changes to the Maryland foreclosure law adopted in the most recent legislative session, HB 365, as helping to protect homeowners against foreclosure. The Washington Post reported the adoption of this bill would provide “immediate assistance by extending the timetable of a foreclosure from 15 days to 150.” Sounds pretty good. But is [...]

Class Actions for Subprime Meltdown—How Likely? »

According to a recent article in Reuters, Many Mortgage Suits to Come, But Harder to Win, we can expect a number of class action lawsuits against those responsible for the subprime mortgage losses. Stanford Law School Professor Joseph Grundfest estimated that total investor losses resulting from the drop in stock prices and falling property values [...]

The Subprime Mortgage Crisis Explained »

An absolutely marvelous minimalist cartoon explanation of what caused the subprime mortgage crisis has been circulating on the net for the past month or so. Although some of the language is a bit salty, it’s actually the best explanation I’ve seen for how we ended up in the mess we’re in.
The slideshow may be found [...]

Mortgages and Divorce–A Match *Not* Made In Heaven »

A recent article in The Washington Post highlighted a common problem when a couple divorces: what happens to the mortgage?
In many divorce cases, one spouse keeps living in the family home. (We’ll call this person the “Home Spouse”). The Home Spouse wants to be listed as the sole owner of the property, while the other [...]