Maryland Gov. Martin O'Malley signed a new law Thursday to help families facing foreclosure keep their homes.
The foreclosure mediation law, which takes effect July 1, helps level the playing field, the governor said.
"We believe that if a big mortgage company can pick up the phone to give you a loan, they should pick up the phone to discuss it before they begin foreclosure proceedings," he said
The state of Maryland is offering help for anyone having trouble making mortgage payments via the Hope Hotline, a toll-free call (877-462-7555) or click on: www.mdhope.org.
The Rev. Simon Bautista Betances, of the Canon for Latino Ministries, said the problem is acute in the Latino community because, "A lot of them are unemployed and undocumented."
The governor believes that by reducing foreclosures and increasing jobs Maryland will lead the country out of recession.