Robert borrowed $320,000 to purchase a home in Baltimore County and signed a deed of trust. He later defaults on the loan. Before the trustee can conduct a foreclosure sale in Maryland, which of the following notice requirements must be satisfied?
Correct Answer
C) The borrower must receive proper notice of the default and the scheduled sale date
Under Maryland law, before a trustee's sale can proceed, the borrower must receive proper notice of the default and the scheduled foreclosure sale. Maryland Real Property Article §§ 7-101 et seq. sets out specific notice requirements including written notice of intent to foreclose, publication of the sale in a newspaper of general circulation, and a waiting period before the sale can occur. These procedural safeguards protect the borrower's due process rights even in a non-judicial proceeding.
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Related Topics & Key Terms
Key Terms:
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