New Maryland bill could shorten debt collection after foreclosure

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Maryland legislators will consider a bill that would reduce the time from years to days that debt collectors have to take homeowners to court for the leftover debt on their foreclosed homes.

The Maryland Consumer Rights Coalition convened a working group over the summer to take up the issue after a Washington Post investigation in June showed that debt collectors increasingly have been pursuing foreclosed homeowners for their remaining mortgage debt.

via New Maryland bill could shorten debt collection after foreclosure – The Washington Post.

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