Quantcast The District Chronicles
College Media Network

New Maryland foreclosure laws protect homeowners

Abstract:
I am taking a break from the normal question-and-answer format to write about the recent changes in Maryland law that affects foreclosures. On April 4, 2008, a new law went into effect that addresses several aspects of the foreclosure process. ...

  • Displaying 1 - 1 of 1

Dr. Cofield

posted 6/29/08 @ 1:56 PM EST

1). In order to file foreclosure, does the lender or alleged lender have to have an interest in the property or that bank owns the property being foreclosed? In essence,the borrower sued, got a court judgment, if for some reason a court order the borrower was entitled to the property, or the property was automatically transfeerred to his or her name, then, and the court order and borrower complied by recording a Release/Saisfaction Order, with land records based upon the court order, and the court order wss IRREVOCABLE, can the lender still initiate foreclosure? 3). If the alleged lenders or companies who transferred the property multpile times between themselves never record a Release each rime, nor recorded any alleged transfers between themselves with county land records, and never file any assigment or any instrument to record any ownership, interest or right to property, can the lender still file foreclosure, if there is no land record recording of the lender having any interest or right recorded to the property? THIS IS A BIG PROBLEM NATIONWIDE.
  • Displaying 1 - 1 of 1

Post Your Comment

  • NOTE: Email address will not be published

Type your comment below (html not allowed)

  I understand posting spam or other comments that are unrelated to this article will cause my comment to be flagged for deletion and possibly cause my IP address to be permanently banned from this server.

Advertisement

Poll

Which industry bailout will help Main Street the most?
Submit Vote

View Results

Advertisement