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Earlier this year, a significant event shook Baltimore’s housing landscape: a portfolio of roughly 700 homes, largely owned by a New York-based investor, imploded. Most of these properties entered foreclosure, and related companies filed for bankruptcy. The fallout was immediate and severe; when these homes entered the foreclosure auction process, few buyers stepped forward. Private lenders across the country responded by halting new loans in Baltimore, citing bizarre valuation discrepancies and a lack of confidence in the local market.