City of Baltimore - File #: 09-0265

• File #: 09-0265
• Version: 0
• Name: In Support of the City Solicitor’s Formation of a Multi-City Litigation Work Group on Foreclosures
• Type: Mayor and City Council Res.
• Status: Enacted
• File created: 1/12/2009
• In control: City Council
• Final action: 1/14/2009
• Enactment #: 09-06
• Title: In Support of the City Solicitor’s Formation of a Multi-City Litigation Work Group on Foreclosures FOR the purpose of supporting the City Solicitor’s efforts to partner with other cities to create a united local government front for addressing the foreclosure crisis, to hold lenders accountable, to reduce the number of foreclosures, and to eliminate vacant homes; and providing for a special effective date.
• Sponsors: City Council President (Administration), Stephanie President Rawlings-Blake
• Indexes: City Solicitor, Litigation, Mayor and City Council Resolution, Multi-City, Resolution-Mayor and City Council

Date	Ver.	Action By	Action	Result
1/14/2009	0	Mayor	Signed by Mayor
1/12/2009	0	City Council	Introduced
1/12/2009	0	City Council
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

Introduced by: The Council President
At the request of: The Administration (Department of Law)
A RESOLUTION ENTITLED

A RESOLUTION OF THE MAYOR AND CITY COUNCIL concerning
Title
In Support of the City Solicitor’s Formation of a Multi-City Litigation Work Group on Foreclosures

FOR the purpose of supporting the City Solicitor’s efforts to partner with other cities to create a united local government front for addressing the foreclosure crisis, to hold lenders accountable, to reduce the number of foreclosures, and to eliminate vacant homes; and providing for a special effective date.
Body
Recitals

WHEREAS, The number of mortgage foreclosures in the United States and in the State of Maryland has significantly increased in the past few years and has had a significant negative impact on the cities in this country and in the State of Maryland.

WHEREAS, The number of mortgage foreclosures in the State of Maryland in 2005 was 5,141. That number increased in 2007 to 25,109; in 2008 it will exceed 30,000. The City of Baltimore has seen the number of mortgage foreclosures increase from 3,000 in 2005 to 4,020 in 2007, and the number of mortgage foreclosures projected for 2008 will again exceed 4,000.

WHEREAS, The increase in mortgage foreclosures has resulted in an increase in the number of vacant homes in the City of Baltimore, there now being over 16,000 registered vacant homes in the City. The increase in the number of vacant homes has a deteriorating effect on the neighborhoods in the City of Baltimore, causing a decr...