WBAL.com

Baltimore City Councilwoman Mary Pat Clarke wants homeowners who have received foreclosure notices to remain in their homes longer to give them time to work out new mortgage terms with banks and lenders.

Clarke calls it “buying time” legislation. Clarke and Councilman Bill Henry will introduce their legislation Monday before the City Council.

Under current law banks and lending institutions are allowed 14 business days from the mailing of a foreclosure notice until they evict the homeowner. Councilwoman Clarke says her bill would extend that time to one year.

“It is intended for victims of mortgage foreclosure in Baltimore City who have not been afforded the opportunity to negotiate modified terms,” Clarke tells WBAL Radio.

No word on whether ACORN will assist in getting owners back into their homes by breaking and entering.