October 6, 2010

O'Malley letter calls for halt on foreclosure proceedings

In response to a request this weekend by U.S. Rep. Elijah E. Cummings (D-Dist. 7) of Baltimore, Gov. Martin O'Malley (D) has a signed joint letter with Cummings and Attorney General Douglas F. Gansler calling on "Maryland mortgage servicers to halt current and future foreclosure proceedings until Maryland homeowners can be assured they're being treated fairly."

The joint letter, a copy of which was contained in a press release from the governor's office, was dated Oct. 4 and addressed to several companies, including Wells Fargo/Wachovia, PNC Financial Services Group, JP Morgan Chase & Co., Bank of America and CitiMortgage. A spokesman for the governor said the letters will actually be mailed Tuesday morning.

O'Malley said in the press release, "In recent days, several servicers, including JP Morgan Chase, Bank of America and GMAC/Ally Finance, have acknowledged that they have failed to follow proper procedures by filing affidavits in foreclosure cases without adequate personal knowledge of the underlying cases, trampling laws that were designed specifically to protect homeowners in default. They have recently announced suspension of foreclosures in 23 states." SOURCE: Gazette

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