The country was bamboozled with the housing boom, so much so, that many states have won hundreds of millions in a mortgage settlement with the nation’s largest mortgage servicers. Maryland stands to net an estimated $960 million from the deal and it might just help one couple’s crusade to keep their home.
Keith and Janet Ritter have been in the midst of foreclosure almost from the very moment they moved into their five-bedroom, 4,900-square-foot home in Fort Washington, Md. They have tried bankruptcies, mediation, legal harangue of all sorts and are still in the home five years later without being evicted, according to the Washington Post.
The Ritter’s home is only one of several homes that the couple owned. Keith Ritter went into real estate at the time the housing bubble was still growing and thought he’d “flip” houses to make his fortune…which he did, at least until the housing bubble burst and left him in debt to the moon.
They had also put the investment properties they owned in other family member’s names, but when he filed bankruptcy on those properties using their names all hell broke loose and Keith Ritter ended himself up in federal prison for bankruptcy fraud. He served 15 months and wrote the first of his three books, “Life from the Inside.”
Now Keith Ritter is in the moving and hauling business with “Beat It Movers”. Ironically, his business hauls out and cleans up the items left behind in a foreclosed home and he found himself emptying a house that was one of his own foreclosures. He still thinks that he and his wife will find a way to keep their home. They call the sheriff every few days to find out if they’re coming.
Read here about the rise and fall the Ritters have taken to home ownership. There may be some tidbits in there that can help you. Although, some of this sounds a little shady.