ANNAPOLIS, MD – Governor Martin O’Malley is encouraging homeowners who are behind on their mortgage to seek free help through Maryland’s HOPE initiative. By visiting the MDHOPE website, or calling the MDHOPE hotline at (877) 462-7555, homeowners can connect to a housing counselor in their area for free counseling and assistance in working out a resolution with their lender.
DHCD supports a statewide network of 31 nonprofit agencies that provide foreclosure prevention counseling and legal assistance. Counselors and pro bono attorneys are critical links in assisting homeowners facing foreclosure by advocating for loan modifications with mortgage servicers, and advising families on money issues and other measures that may benefit their financial situation.
Under Governor O’Malley’s leadership, Maryland has aggressively tackled the foreclosure crisis since 2007. Maryland passed one of the most sweeping reform packages in the country, giving distressed homeowners more time to work out alternatives to foreclosure. The state also has taken the lead in enacting tough new laws against predatory lending practices.
In 2010, Maryland launched the Foreclosure Mediation Program to bring mortgage giants to the table with homeowners and give every Maryland family facing foreclosure the legal right to request mediation with foreclosure seeking lenders. To date, the MDHOPE network has aided more than 70,000 homeowners.