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23 Jul 2015, 8:21 am by Seth M. Rotenberg
In a case of first impression that will affect foreclosure procedure throughout Maryland, the Court of Special Appeals recently held that if the purchaser at a foreclosure auction defaults in its obligation to close on the purchase of the property, the trustees may not declare the deposit forfeited and also resell the property at the ... [read post]
5 Oct 2016, 3:12 pm by Seth M. Rotenberg
In AMT Homes, LLC v. Fishman, 228 Md. App. 302, 137 A.3d 1056 (2016), the Court of Special Appeals held that the circuit court’s delay, resulting from judicial backlog, in ratifying a foreclosure sale did not constitute grounds for reducing the interest that the foreclosure purchaser was obligated to pay. Background In a typical foreclosure ... [read post]