Legal Question in Real Estate Law in Maryland

The law regulates certain time frames with foreclosure but the exact date depends on where you are in the process and how quickly the lender and court moves. Some questions impacting the timeframe: has a foreclosure auction already been scheduled? Has mediation been requested? It takes a minimum of 45 days after giving notice of a foreclosure lawsuit, but usually longer, to get to the auction sale. A foreclosure must be advertised in the newspaper for at least three weeks before the auction. After the auction, the sale must be approved or "ratified" by a judge. Bond is posted in the normal course of foreclosure proceedings but the date of bond issuance isn't a controlling date.

There is no legal restriction on buying another home after one has been lost due to foreclosure. However, getting a loan is another question and a lender may be reluctant to lend to someone with a poor credit score and/or foreclosure.

Anyone facing foreclosure can call Maryland's free HOPE hotline for general information about foreclosure in this state. While I hope the above post helps, it does not offer legal advice on your particular situation and doesn't create any type of attorney/client relationship.