Timeline for the Foreclosure Process in Maryland
Month 1: You’ve missed a mortgage payment and have started to receive calls from the bank. You’ll also receive a notice of default, collection notices. Missed mortgage payment, notice of default, collection notices, calls from the bank.
Month 2: Your lender sends a notice of intent to foreclose and a loss of mitigation.
Month 3: An order to docket has been filed by your lenders law firm.
Month 4: Your lender will send a final loss mitigation affidavit and mediation request form
Month 5: Send in the mediation request form with $50 or the sale can occur.
Month 6: Within 5 days of receiving a mediation request, the Circuit Court sends the request to the Office of Administrative Hearing (OAH)
Month 7: OAH schedules mediation (meeting with you and the lenders lawyers). If no agreement is made, the home is scheduled for foreclosure. The sale can be as soon as 15 days after mediation. Once the sale is made, the lender must report the sale within 30 days. The sale is ratified within 30 days after the courts receive the notice of the sale. You can still redeem your home between the time of the sale and ratification of the home. If you haven’t moved out by this time, paperwork can be filed for an eviction. There is no redemption period after a sale is made in MD, but there is deficiency judgement after the sale.
These timelines are not meant to be legal advice, rather a starting point for foreclosure assistance . The timelines also differ depending on what actions you choose to take to avoid foreclosure. Always consult with a foreclosure lawyer or your lender.
