Seattle, WA asked in Real Estate Law for Maryland

Q: I engaged in a seller financed mortgage transaction about 3 years ago. The buyer at this point is 3 months in arrears

what is the process/where do I begin to have default declared and retake ownership of the property?

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2 Lawyer Answers
Richard Sternberg
Richard Sternberg
Answered
  • Potomac, MD
  • Licensed in Maryland

A: You provide notice and proceed to foreclosure. Maryland has some relatively new rules applicable to foreclosure, so managing this pro se is unlikely to succeed.

Cedulie Renee Laumann agrees with this answer

Cedulie Renee Laumann
Cedulie Renee Laumann
Answered
  • Crownsville, MD
  • Licensed in Maryland

A: You'll need to go through the foreclosure process. The rules are complex and changing, particularly for residential properties, so it is advisable to do so with experienced legal counsel.

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