Problematic Pat
Superstar
Foreclosure Fraud Fallout Hits Baltimore Real Estate Market
Foreclosure fraud in Baltimore tied to $100M real estate scheme leaves hundreds of homes in crisis and neighborhoods destabilized.
www.credaily.com
A group of New York-based investors allegedly orchestrated a $100M real estate scheme involving hundreds of homes in Baltimore, many now in foreclosure.
The group used DSCR (Debt Service Coverage Ratio) loans to buy properties in bulk, largely in Black neighborhoods, based on projected—not actual—rental income.
Over half of the homes are now in default, raising concerns about tenant displacement, local property values, and investor trust in the Baltimore market.

