MD Foreclosure Process The foreclosure process in Maryland starts when a homeowner falls behind on mortgage payments and is in "default" under the terms of the loan. In this state, foreclosure proceedings are filed in the Circuit Court for the county where the property is located.   The law requires that notice of the foreclosure auction, called a "Trustee Sale," be placed in the newspaper.   However, the lender only needs to give a homewoner ten days notice before the scheduled sale.     To find out more about potential seminars in Anne Arunel County on the basics of the foreclosure process for real estate investors and homeowners, or to set up a private attorney consultation, call the firm at 410-216-7000 or

Real Estate Investor Alert.   A rise in foreclosure auction listings has caught the attention of banks, real estate investors, homeowners and lawmakers alike. What should an investor know before buying at auction?   Buying at a foreclosure auction could be a profitable investment - or it could wind up a financial nightmare.   Some books and websites suggest ways for an investor to earn substantial profits by a variety of tactics.  However, some of these tactics violate Maryland law.   Before contacting homeowners in distress or bidding at an auction, investors should know the law!  Additionally, anyone bidding at an auction (friend, relative or investor) should at a minimum know the title and lien status of the particular piece of property.

Help for Homeowners in Financial Distress.   Recent legislation offers new hope for homeowners facing the loss of their home through foreclosure.  Although the programs will not help everyone, folks with an Adjustable Rate Mortgage (ARM) may qualify for FHA backed refinancing.   Additionally, the recent Mortgage Debt Relief Act changes certain tax consequences.   A word of caution - borrowers behind on mortgage may be contacted by individuals offering to "save your home" and promises to "help avoid foreclosure." Foreclosure consultants must comply with state laws and a homeowner should carefully review any document before signing.  Any homeowner facing foreclosure should consider possibilites, such as Deeds in Lieu of Foreclosure, PreForeclosure Sales, Short Sale Agreements, Loan Modification or Forebearance Agreements.  In some cases, bankruptcy may be a consideration.   Each of these measures may bring relief, but they can also have their own consequences.   Legal guidance and review of documents can ensure that you fully understand the pros and cons of each scenario.

Foreclosure Seminar Sign-Up The Office of Attorney Cedulie Laumann can meet with you for a private initial consultation to discuss the specifics of your situation.   However, folks interested in learning more about the general process may be interested in upcoming semiars on foreclosure law in Maryland.   To schedule a private lawyer consultation or to find out more about foreclosure seminars,