MacRo LTD Blog

Officials at Housing Summit Hope Foreclosure Crisis is Waning–

Sean Sedam, Staff Writer notes some promising signs in the market in yesterday’s online version of the Gazette00000000000

Despite recent foreclosures, state programs working, housing secretary says Maryland is experiencing a second wave of foreclosures, but there are signs that the tide is ebbing, Raymond A. Skinner, secretary of the state Department of Housing and Community Development said Monday.

Skinner addressed more than 400 government officials, real estate agents and brokers and housing lenders at the 19th annual Affordable Housing Conference of Montgomery County Summit in North Bethesda.

The number of foreclosures in Maryland dropped by 11.5 percent between the fourth quarter of 2009 and the first quarter of 2010, when a total of 14,855 foreclosure events occurred. Such events include notices of default, notices of sales and lender purchases.

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