foreclosure: Maryland Foreclosure Process - 07/28/10 12:09 AM
Below is the Maryland Foreclosure process.
 
Stop Maryland Foreclosure
Quick Facts
-  Judicial Foreclosure Available: Yes
-  Non-Judicial Foreclosure Available: Yes, with restrictions
-  Primary Security Instruments: Deed of Trust, Mortgage
-  Timeline: Typically 90 days
-  Right of Redemption: No
-  Deficiency Judgments Allowed: Yes
In Maryland, lenders may foreclose on a mortgage or deed of trust in default using either the judicial, assent to decree, or non-judicial foreclosure process.
Judicial Foreclosure
In cases where the security instrument contains neither a power of sale nor an assent to a decree, a lender must file a complaint against the borrower and obtain a decree of … (1 comments)