Section 14-126 - Notice and disclosure requirements for foreclosure sales. - Maryland Statutes

§ 14-126. Notice and disclosure requirements for foreclosure sales.
 

(a)  Notice to county or municipal corporation.- In addition to any other foreclosure requirements under the law, after the commencement of an action to foreclose a lien on real property and before making a sale of the property subject to the lien, the person authorized to make the sale shall notify the county or municipal corporation where the property subject to the lien is located, not less than 15 days prior to sale, of: 

(1) The name, address, and telephone number of the person authorized to make the sale; and 

(2) The time, place, and terms of sale. 

(b)  Notice of outstanding liens, charges, taxes, or assessments.- A county or municipal corporation that receives the notice described under subsection (a) of this section shall notify the person authorized to make the sale of any outstanding liens, charges, taxes, or assessments that the county or municipal corporation has against the property not more than 10 days after receiving the notice of sale. 

(c)  Power of county or municipal corporation to require notice to the county or municipal corporation.-  

(1) In this subsection, "residential property" has the meaning stated in § 7-105.1 of this article. 

(2) A county or municipal corporation may enact a local law requiring that notice be given to a county or municipal agency or official when an order to docket or a complaint to foreclose a mortgage or deed of trust is filed on residential property located within the county or municipal corporation. 

(3) A local law enacted under this subsection shall require that within five days after filing an order to docket or a complaint to foreclose a mortgage or deed of trust on residential property, the person authorized to make the sale shall give notice of the filing to the county or municipal agency or official designated by the local law. 

(4) The notice required under paragraph (3) of this subsection shall include: 

(i) The street address of the residential property subject to the foreclosure action; 

(ii) The names and addresses, if known, of all owners of the residential property subject to the foreclosure action; and 

(iii) The name, address, and telephone number of the person authorized to make the sale. 
 

[2000, ch. 659; 2009, ch. 149.]