Special offer

Received a Notice Of Intent? ( Foreclosure) -- Don't Start Packing Yet!

By
Managing Real Estate Broker with Maxus Realty Group of Samson Properties Broker - Realtor - CEO

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.

 BE ONE OF THE FIRST ONES TO CHECK OUR NEW SITE HERE

Comments (3)

James Dray
Fathom Realty - Bentonville, AR

I understand the concept of the law due to some (not all) banks I'm sure.  But what about the banks that were doing business right they are the ones that will suffer. 

Oct 06, 2011 11:44 PM
Fernando Herboso - Associate Broker MD, & VA
Maxus Realty Group of Samson Properties - Clarksburg, MD
301-246-0001 Serving Maryland, DC and Northern VA

No one is a winner on this one James. .

 

Oct 07, 2011 02:36 AM
Fernando Herboso - Associate Broker MD, & VA
Maxus Realty Group of Samson Properties - Clarksburg, MD
301-246-0001 Serving Maryland, DC and Northern VA

Thanks for stopping by. .

Oct 07, 2011 02:36 AM