Baltimore home resold at sharp markup before foreclosure, sparking federal lawsuits

A Baltimore property bought for $43,000 in 2022 was resold a year later for $310,000, a steep jump in value. The sharp price increase has prompted accusations from critics that property values were artificially inflated by investors. The resulting wave of foreclosures has drawn attention to the practice. Federal lawsuits allege a scheme tied to more than 150 properties that produced millions of dollars in loans. The case has led lenders and investigators to examine the local housing market and broader housing insecurity in the city.