Your Rights And Protections Under Maryland's New Foreclosure Law
We do short sales and get approvals in a weekly basis. .
But not two short sales are alike. .they are as different as snow flakes, specially before they become short sales.
Banks have a tendency to operate in different ways. .
While they are trying to protect their best interests.. they may step in areas where bad intentions maybe prevalent . .and the homeowner suffers.
Knowing your rights is a way to protect yourself from them ..
just in case you are facing difficult choices right now. . .
The Foreclosure Process in Maryland is very simple:
45 DAYS AFTER DEFAULT:
You will receive a Notice Of Intent. .. to foreclose.
This is just a notice, a warning of some sorts. .you don't need to start packing!
Not Yet. . .
91 DAYS AFTER DEFAULT:
This is the EARLIEST DATE a foreclosure can be filed at the courthouse.
One thing that will make you smile. .if you live in Maryland
Governor O'Malley passed a law in the state of Maryland on July 2010
Every homeowner with a filed foreclosure has the right to a meeting with their mortgage company and a third party neutral judge. This meeting is called a MEDIATION
Know your rights. .
Don't allow your lender to bully you. .
and if you are leaning towards doing a short sale. .
and live in Maryland?
We may be able to do that for you. .
We are proud to have completed our best site in SHORT SALES AND LOAN MODIFICATIONS INFORMATION You will find resources that even other Realtors use it directly from us. .
Expect for us to deliver a superior experience from beginning to end when it comes to helping you avoid a foreclosure and/or preserve your credit.
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