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Article: Ground rent reform plan set: Measures to be unveiled today include expanded options for homeowners to buy out the leases.
- Article from:
- The Baltimore Sun (Baltimore, MD)
- Article date:
- February 5, 2007
CopyrightCOPYRIGHT 2007 The Baltimore Sun. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: June Arney and Fred Schulte
Feb. 5--Lawmakers will join Gov. Martin O'Malley today to unveil a ground rent reform package that would make sweeping changes to the arcane system by preventing home seizures, tightening notification requirements and expanding homeowners' options for buying out ground leases. Officials plan to gather at the Canton home of a family that nearly lost its home days before Christmas over what began as a $24 ground rent debt. "We heard the cry, and we responded," said Sen. Lisa A. Gladden, a Baltimore Democrat. "We're going to change 200 years of history. It's phenomenal." The sweeping initiative follows an investigative ...