Although foreclosure rates have declined for the first half of 2011, experts believe that these findings are an inaccurate representation of the housing market.

Experts say that the decline is only due to the delays of filing for bankruptcy and not an improving economy. Real estate agents also worry about the looming financial problems in Washington. They say if the debt ceiling is not raiesd, interest rates will increase and the cost of affording a home will increase as well.

RealtyTrac, a company that compiles foreclosure information, states that 1,358 homes is in foreclosure in Maryland.

If you or someone you know is at risk of foreclosure, contact the Maryland foreclosure defense lawyers of Chaifetz & Coyle, P.C., at 443-546-4608.