Foreclosure is a complicated multistep process that allows mortgage lenders to repossess homes from homeowners who have missed payments on their mortgage loan. In this 8-step guide, we'll explain how to buy foreclosed homes in Maryland and help you decide if buying a foreclosed home is right for you.Below is a summary of the mortgage foreclosure process for owneroccupied residential properties in Maryland. This article describes the steps and timeline of a foreclosure case from beginning to end. 1. Mortgage in default 2. As part of the Final Affidavit, your lender must send you a "Request for Foreclosure Mediation" form. Here are a few tips for completing the form: The form asks you to describe the property you wish to have released from garnishment. If you default on your manufactured home loan, the lender might be able to take possession of it through repossession or foreclosure. Liquidation Documents: Title and Repossession Affidavit, Out of State Repossession titles and affidavits are accepted. Plates: Remain with the debtor.
