City of Baltimore - File #: 09-0097R

• File #: 09-0097R
• Version: 0
• Name: In Support of a Moratorium on Federal Foreclosures
• Type: City Council Resolution
• Status: Adopted
• File created: 1/12/2009
• In control: City Council
• Final action: 1/12/2009
• Title: In Support of a Moratorium on Federal Foreclosures FOR the purpose of requesting that the Honorable Members of the Baltimore City Delegation to the 111th United States Congress support legislation that imposes a mandatory moratorium on the foreclosures of certain federally related mortgage loans secured by residential property located in Baltimore City.
• Sponsors: Mary Pat Clarke, Nicholas C. D'Adamo, Sharon Green Middleton, Bill Henry, Robert Curran, Rochelle Spector, Warren Branch, Belinda Conaway, James B. Kraft, President Young, Helen L. Holton, Agnes Welch, Edward Reisinger
• Indexes: Federal Foreclosures, Resolution

Date	Ver.	Action By	Action	Result
1/12/2009	0	City Council	Introduced
1/12/2009	0	City Council
1/12/2009	0	City Council

* WARNING: THIS IS AN UNOFFICIAL, INTRODUCTORY COPY OF THE BILL.
THE OFFICIAL COPY CONSIDERED BY THE CITY COUNCIL IS THE FIRST READER COPY.
INTRODUCTORY*

CITY OF BALTIMORE
COUNCIL BILL R
(Resolution)

Introduced by: Councilmember Clarke
At the request of: The Community Law Center, c/o Robert J. Strupp, Director of Research and
Policy
Address: 3355 Keswick Road, Suite 200, Baltimore, Maryland 21211
Telephone: 410-366-0922, E-mail roberts@communitylaw.org

A RESOLUTION ENTITLED

A COUNCIL RESOLUTION concerning
Title
In Support of a Moratorium on Federal Foreclosures

FOR the purpose of requesting that the Honorable Members of the Baltimore City Delegation to the 111th United States Congress support legislation that imposes a mandatory moratorium on the foreclosures of certain federally related mortgage loans secured by residential property located in Baltimore City.
Body
Recitals

The Maryland Department of Housing and Community Development reported that, in the third quarter of 2008, foreclosure proceedings were filed on 878 residences in Baltimore City, and Ready Trac, a leading source for foreclosure data, reported 278 foreclosures in Baltimore City for the month of November 2008.

In the third quarter of 2008, Baltimore City represented over 11% of all Maryland foreclosures. Ready Trac projects foreclosures to continue at very high levels in 2009. And, while foreclosures occur throughout the City, the neighborhoods most impacted are among the most economically disadvantaged.

Although a “melt-down” of the nation’s economy, in 2008, resul...