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

(Newser) – 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.

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Comments
Showing 3 of 14 comments
pg13
May 6, 2012 6:48 AM CDT
Instead of doing seminars, "How to get rich in Real Estate" they could do seminars "Nothing down, Nothing a month for 6 years"
LetsBtolerant
May 5, 2012 9:10 PM CDT
sorry. no sympathy for anyone who never pays on their mortgage in five years.
Ultraworld
May 5, 2012 3:47 PM CDT
My neighbor walked away from his home 4 yrs ago. He rented nearby. He saw the house still empty & moved back in. It's nuts.