Legal Question in Real Estate Law in Maryland

Bond filed and approved

My stbx has foreclosed on his home and the lawyer handling the case against him filed a bond for $25,000. It states on the website that it was filed by the lawyer handling the case for the mortgage company and approved by the circuit court.

What does this mean and what is the bond for?


Asked on 3/09/08, 9:12 pm

1 Answer from Attorneys
Robert Sher Wagshal and Sher

Re: Bond filed and approved

The bond is required in a foreclosure proceeding to indemnify the parties for costs if it turns out the foreclosure was improper. Once the foreclosure is completed, the bond is cancelled.

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Answered on 3/10/08, 9:44 am


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