Baltimore - Baltimore County Foreclosure Listings |
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Baltimore Foreclosures
As applied to residential mortgage loans the foreclosure process is a bank or other secured creditor selling or retrieving a parcel of real property. "Mortgage" or "deed of trust" is when after the owner is defaults to comply the agreement between the lender and the borrower. Default in payment is the common violation of the mortgage, a promissory note is allowed but with a charge on the property. It is typically said that "the lender has foreclosed its mortgage or charge" when all the process is complete and the lender can sell the property and can keep the interests to pay off its mortgage at any legal costs.
About Armistead Gardens
Armistead Gardens is a
neighborhood located in the eastern part of
Baltimore, Maryland. It was originally built
by the Baltimore City Housing Authority
public housing, that people come to work in
the industries supplying the World War II.
The first part was built in 1939, two
additions have been made in 1941. Although
currently more than 60 years of age, many
homes are still in good shape and many are
still occupied by the owner, who lived there
50's and 60's.
In 1956, the cooperative (Armistead Homes Corporation) formed in 1500 and the residents of the homes were from the Housing Authority. Since the design of the unit, common utilities, home ownership is not separate, but members of a 99-year lease has two 99 year options. Many current members are second and third generation. Nearby changed a little over a year mainly in drug-related crime and theft is becoming a problem in the region. It provides the future home owners to obtain home prices so low, they can not afford to be elsewhere. Even with all its problems, Armistead Gardens is a pretty decent place to call home. Armistead Gardens is home to four churches, and Armistead Gardens Elementary School. The nearest major highway is the Pulaski Highway (U.S. Route 40) and Erdmann Avenue.
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