Maryland cuts time period for pursuing foreclosure debt

Maryland shortens time period for pursuing foreclosure debt from 12 years to 3

As reported in the Washington Post, Maryland has shortened the time for mortgage lenders to collect on foreclosure debt from 12 years to 3 years. The measure passed 47 to 0 in the Maryland Senate and 102 to 33 in the House of Delegates. When a foreclosure takes place, the mortgage lender may obtain a […]