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Foreclosures Surging in Maryland Despite Nationwide Decreases

prweb.com | October 2, 2013

By the Law Offices of Brandon Bernstein, LLC

Foreclosures in the state of Maryland are surging, nearly tripling compared to the same time last year, and showcasing a market which is far from recovered despite nationwide decreases. A bankruptcy and foreclosure defense attorney in Maryland such as the Law Offices of Brandon Bernstein, LLC, will be able to aggressively defend against foreclosure proceedings and find alternative solutions.

According to RealtyTrac Inc. and statistics published by CNN Money, Maryland foreclosures show a staggering 275% increase in July 2013 compared to July 2012. This is by far the biggest increase of any state in the country, and it's an alarming sign of the current marketplace for homeowners.

Earlier in the year, Maryland moved to number 7 amongst all states in terms of the total monthly number of foreclosures. RealtyTrac showed 1,569 foreclosure starts in April, and a rate of one out of every 650 Maryland homes in some stage of foreclosure, compared to one out of 905 nationwide.

Even in wealthy areas such as Frederick or Montgomery County, lawyers have been busy dealing with the surge in foreclosure proceedings. However, while the numbers are shocking, they may not be as surprising as some believe.

"The state of the Maryland was actually a comparative safe haven for homeowners compared to other states in the country as the housing crisis bottomed out," says foreclosure defense attorney Brandon Bernstein, Esq.

"However, many cases which went through lengthy judicial or appeals processes are now being finalized, which largely explains the dramatic increase in foreclosures across the state."

 

Back to October 2013 Archive

CFLA was founded by the Nation's Leading Foreclosure Defense Attorneys back in 2007 to serve the Foreclosure Defense Industry and fight pervasive Bank Fraud. Since opening our virtual doors, CFLA has rapidly expanded to become the premier online legal destination for small businesses and consumers. But as the company continues to grow, we're careful to hold true to our original vision. For us, putting the law within reach of millions of people is more than just a novel idea—it's the founding principle, just ask Andrew P. Lehman, J.D.. With convenient locations in Houston and Los Angeles, you can contact Our National Account Specialist and General Manager / Member Damion W. Emholtz at 888-758-2352 for a free Mortgage Fraud Analysis or to obtain samples of work product, including cutting edge Bloomberg Securitization Audits, Litigation Support, Quiet Title Packages, and for more information about our Nationally Accredited and U.S. Department of Education Approved "Mortgage Securitization Analyst Training Certification" Classes (3 days) 24 hours for approved CLE & MCLE Credit (Now Available Online).

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