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Maryland Foreclosure Law

HomeForeclosureMaryland Foreclosure Law

The Maryland Foreclosure Law provides judicial foreclosure and non-judicial foreclosure with certain restrictions.

  • The laws consider the Deed of Trust and mortgage agreement as to the primary security instruments.
  • The foreclosure process usually completed in less than 90 days from the date of commencement.
  • The court will determine whether a default has taken place and then fix the amount of debt along with interest applicable.
  • The court will also provide a nominal time limit for the borrower to repay the debt, failing to which the lender will be allowed to sell the property.

You can read more about foreclosure types here

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