We haven’t done one of these in a while, seems like a good time.
In the Baltimore City Paper, Ed Ericsson writes a story on “demolition by neglect” in Fells Point. Will the City ever learn its lesson and stop selling off City-owned property to irresponsible developers? This story doesn’t give us much hope, especially when we learned that one of the “developers” is a former Baltimore Housing Commissioner.
While we’re on the subject of not learning lessons, apparently the FHA forgot about one of the main causes of the real estate bubble, and decided it would be a good idea to relax their rules for house flippers. It’s rather ironic that while the FHA decides to open the floodgates for yet more investor greed, the Washington Post reports that “a rising FHA default rate foreshadows a crush of foreclosures”.
If you’re in need of foreclosure info, Congressman Elijah Cummings will be holding a foreclosure prevention workshop Saturday, February 6th at Woodlawn Senior High School. To register, or for more information, follow this link. You must register by tomorrow, Feb. 3.
We reported on Detroit’s “vacant-house-as-art” project, and it turns out that a Cleveland group is getting creative with vacant property, too.
Some bills before the Maryland Legislature this year:
- SB 373, Property Tax – Tax Sales – Complaint to Foreclose Right of Redemption
- HB 63, Eminent Domain – Condemnation Proceedings and Limitation on Condemnation Authority
- SB 413, Property Tax Credit – Replacement Home Purchased After Acquisition of Dwelling for Public Use
- HB 475 / SB 285, Smart, Green, and Growing – The Sustainable Communities Act of 2010
- HB 456, Mortgage Foreclosure Bankruptcy Exemption
Speaking of bills, please don’t forget to send your state legislators a letter in favor of the Split-Level Property Tax in Baltimore City.