Maryland foreclosures show a staggering 275% increase in July 2013 compared to July 2012. This is by far the biggest increase of any state in the country.
Bethesda, Maryland (PRWEB) October 02, 2013
Foreclosures in the state of Maryland are surging, nearly tripling compared to the same time last year, and showcasing a market which is far from recovered despite nationwide decreases. A bankruptcy and foreclosure defense attorney in Maryland such as the Law Offices of Brandon Bernstein, LLC, will be able to aggressively defend against foreclosure proceedings and find alternative solutions.
According to RealtyTrac Inc. and statistics published by CNN Money, Maryland foreclosures show a staggering 275% increase in July 2013 compared to July 2012. This is by far the biggest increase of any state in the country, and it's an alarming sign of the current marketplace for homeowners.
Earlier in the year, Maryland moved to number 7 amongst all states in terms of the total monthly number of foreclosures. RealtyTrac showed 1,569 foreclosure starts in April, and a rate of one out of every 650 Maryland homes in some stage of foreclosure, compared to one out of 905 nationwide.
Even in wealthy areas such as Frederick or Montgomery County, lawyers have been busy dealing with the surge in foreclosure proceedings. However, while the numbers are shocking, they may not be as surprising as some believe.
"The state of the Maryland was actually a comparative safe haven for homeowners compared to other states in the country as the housing crisis bottomed out," says foreclosure defense attorney Brandon Bernstein, Esq.
"However, many cases which went through lengthy judicial or appeals processes are now being finalized, which largely explains the dramatic increase in foreclosures across the state."
Working with experienced Maryland bankruptcy lawyers is crucial for protecting against foreclosure. There are often creative solutions which can be explored while avoiding foreclosure and bankruptcy, and an aggressive, proactive approach yields superior results as opposed to sitting back and awaiting the worst.
Located in Bethesda, Maryland, The Law Offices of Brandon Bernstein strives to protect its clients against foreclosure and bankruptcy, and will fight at every step along the way to produce favorable outcomes. Other practice areas include personal injury, small business and estate planning, and the firm is also ready to help clients as affordable divorce lawyers in Maryland.
To learn more about the Law Offices of Brandon Bernstein and how they may be able to assist as a bankruptcy and foreclosure attorney in Maryland, visit BrandonBernsteinLaw.com. Call the office directly at 240.395.1418 to schedule a free consultation.
About the Law Offices of Brandon Bernstein, LLC
The Law Offices of Brandon Bernstein, LLC is located in downtown Bethesda, and serves clients throughout the state as a divorce and bankruptcy attorney in Maryland, covering a broad range of family law and financial issues. Mr. Bernstein also focuses on business transactions, estate planning and personal injury, and aggressively protects the best interests of his clients at all times. For a free attorney consultation, prospective clients can visit his website at BrandonBernsteinLaw.com, or call the office directly at 240.395.1418.