Couple Booted From $1M House After Foreclosure

Bought Maryland home in 2006; made no payments
By Matt Cantor,  Newser Staff
Posted May 5, 2012 8:13 AM CDT
Updated May 5, 2012 8:29 AM CDT
Couple Booted From $1M House After Foreclosure
A million-dollar house in Fort Washington, Md., has been foreclosed after the owners made no payments.   (Shutterstock)

After buying their million-dollar house in 2006, a Maryland couple never made a single mortgage payment; now they've been evicted after a long struggle, reports the Washington Post. Keith and Janet Ritter made a fortune, temporarily, buying and flipping homes during the housing bubble, and they bought their $1.3 million home with no money down, according to a previous article in the Post. Then they lost much of their wealth when the bubble burst and have been fighting eviction ever since.

Though two mortgage lenders attempted to foreclose on the home, the couple managed to avoid such a fate for years thanks to multiple bankruptcy filings across several states. Maryland also has one of the country's longest foreclosure processes. California property buyer Kondaur Capital finally got an eviction order in December. Police attempted to evict the Ritters in March but were barred by another bankruptcy filing; this week's successful eviction follows a court order last week. (More foreclosures stories.)

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