Notes from the Foreclosure Front: Baltimore Suing your way to solvency.
by Firmin DeBrabander / February 7th, 2008
The national credit crisis, and its symptomatic rash of foreclosures, is potentially devastating for Baltimore city. It risks undoing modest and fragile gains made in homeownership in this beleaguered city. As housing advocates argue, homeownership is key to the health of Baltimore: those who own their residences are more likely to upkeep them and remain within the neighborhood, thereby stemming the tide of boarded up housing. Homeowners, as opposed to renters, are the building blocks of stable communities.
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