Maryland Gov. Martin O’Malley plans to introduce legislation that would require mediation efforts before foreclosure processes began, a spokesman said Tuesday.
The bill would provide an incentive for lenders who drag their feet to do more to help struggling homeowners, said Shaun Adamec, a spokesman for O’Malley.
“This is a way to level the playing field,” Adamec said.
The governor is committed to putting a bill before the General Assembly next year that mandates mediation for homeowners facing foreclosure, he said.
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