Summary of Maryland's Foreclosure Laws

Topic State Rule Common type of foreclosure process

Deficiency Judgments After Foreclosure in Maryland

In Maryland, if you go through foreclosure and the sale price is not enough to cover the balance of your mortgage, your lender can come after you for the "deficiency." Read on to learn what a defic

Maryland HOA and COA Foreclosures

If you live in a private community (whether it is a condo, townhouse, or single-family home) in Maryland, you are most likely responsible for paying dues and assessments to the homeowners’ associat

Maryland Timeshare Foreclosure and Right to Cancel Laws

Maryland law provides quite a few protections for timeshare purchasers, such as making sure you get a copy of the public offering statement, providing a right to cancel a timeshare contract, and prohibiting timeshare developers from using advertisements that include false or misleading statements, among

Maryland's Foreclosure Mediation Program

In response to the ongoing foreclosure crisis in this country, many states have implemented mediation programs to assist borrowers in finding ways to avoid foreclosure.

Can I Reinstate My Mortgage to Save My Home From Foreclosure in Maryland?

If you have fallen behind in your mortgage payments and are facing a foreclosure, Maryland law gives you up until one business day before the foreclosure sale to gather enough money to get current on the late amounts. This is called reinstating the loan and it will stop the foreclosure in its tracks.

If I lose my home to foreclosure in Maryland, can I get it back?

Question I was fired from my job a few months ago and fell behind on my mortgage payments. My house then went into foreclosure. Recently, I got hired as a consultant for a long-term project, which pays really well. Unfortunately, I don’t start that work until a few weeks from now and the foreclosure