Maryland Foreclosure Law

Facts:

Judicial Foreclosure Available:     Yes

Non-Judicial Foreclosure Available:       Yes, with restrictions

Primary Security Instruments:      Deeds of Trust or Mortgage

Timeline:     Approximately 90 days

Right of Redemption:       No

Deficiency Judgments Allowed:       Yes

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Quick Summary:

In Maryland, lenders may foreclose on deeds of trusts or mortgages in default using either a judicial or non-judicial foreclosure process. 

 

The foreclosure timeline in Maryland is approximately 90 days from the time you miss your first payment until a Notice of Default or Notice of Sale is issued to your actual foreclosure date and sale.

Maryland borrowers do not have the right of redemption but are allowed deficiency judgments. 

For more information on Maryland Foreclosure laws and regulations visit  http://www.ncsl.org/public/leglinks.cfm and click on your state.

Or Contact:

Maryland's Attorney General's Office
200 St. Paul Place
Baltimore, MD 21202-2021
Ph: (410) 576-6300
Fax: (410) 576-6404