Waldorf, MD asked in Real Estate Law for Maryland

Q: My home was foreclosed in july 2019. The home was owned by me and a co-owner. The deed was titled as tenants in common.

A few years after purchasing the home an individual who had a judgement against the co-owner n another county in maryland, came to the county where the home was owned and attched the judgement. The home was sold by the bank for a $150,000 profit.

Am i entitled to half of that money since the debt had nothing to do with me?

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1 Lawyer Answer
Thomas C. Valkenet
Thomas C. Valkenet
  • Baltimore, MD
  • Licensed in Maryland

A: If you mean that the foreclosing bank generated a surplus from the subsequent sale out of foreclosure, then you must make claim for the surplus that has been deposited with the tax collector. Your co-owner may also make a claim, and the two of you may negotiate, agree or fight over the split. The court will be the final decision maker.

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