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Valerie L. Hletko Quoted in The New York Times Article, “Housing Regulator is Pushed to Crack Down on Sales of Foreclosed Properties”

The New York Times

Valerie L. Hletko

Valerie L. Hletko was quoted on May 11, 2017 in The New York Times article, “Housing Regulator is Pushed to Crack Down on Sales of Foreclosed Properties,” which discussed a letter written by Rep. Elijah E. Cummings, of Maryland, who sits on the House Committee on Oversight and Government, to Vision Property Management, a rent-to-own company that owns dozens of houses in Baltimore. The article noted, “On Thursday, Mr. Cummings wrote to Vision and its chief executive, citing ‘grave concerns about the physical and financial well-being of tenants’ with leases from Vision. Mr. Cummings said Vision’s ‘limited document production to date has heightened concerns about the potential harm Vision may be inflicting on families in Maryland and throughout the United States.’”

Hletko, who represents Vision, stated, “The letter’s escalated rhetoric does nothing to assist Americans without access to traditional mortgage loans to achieve homeownership, which Vision works to do every day.” She added that the letter “exploits an isolated case to make sweeping and irresponsible allegations against a private company.”

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