Foreclosure in Maryland is typically:
Question & Answer
Review the question and all answer choices
Non-judicial only
Non-judicial foreclosure is not typical in Maryland. While some states allow this process without court involvement, Maryland generally requires judicial oversight, making this option incorrect for typical foreclosure proceedings.
Judicial, with power of sale options
Strict foreclosure
Strict foreclosure, where the lender automatically gains title without a sale process, is not permitted in Maryland. Most states have abolished this process, and Maryland is among them.
Administrative
Administrative foreclosure is not a recognized process in Maryland. Foreclosures must either go through the judicial system or follow power of sale provisions in deeds of trust.
Why is this correct?
Maryland foreclosures are primarily judicial, meaning they must go through court proceedings. However, deeds of trust in Maryland often include power of sale provisions, which allow for a non-judicial foreclosure process if the borrower defaults and the trust document contains this clause.
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