The Office of Financial Regulation is responsible for the advancement and/or guidance of particular elements of the foreclosure procedure including home and receives specific notifications and registrations associated with the foreclosure process. Specifically, the Office promulgates regulations regarding the forms, series of documents, and certain processes to be used as part of the foreclosure procedure, including, however not limited to:

- the format and material of the Notice of Intent to Foreclose, the design template loss mitigation application, the initial loss mitigation affidavit, the final loss mitigation affidavit, the notification to accompany the order to docket;
- the cost, notification, application and guidelines for prefile mediation, and a mediation list that describes the matters that shall be evaluated and thought about in a prefile mediation; and
- the demand form for postfile mediation, the files and details to be offered by each party to the mediation, and a mediation list that explains the matters that will be reviewed and considered in a postfile mediation

Refer to Md. Code Ann., Real Prop. § § 7-105.1 & 7-105

.18. Foreclosure Notices and Registrations

The Office administers Maryland's Foreclosure Registration System, a web-based application for submission of the foreclosure-related notifications and registrations that are mandated by Maryland law. Specifically, the system allows licensed users to send and/or browse the following foreclosure-related notifications and registrations:

- The Notice of Intent to Foreclose is a caution notification to the house owner that a foreclosure action might be submitted against them in court. It should be sent out by accredited and top-notch mail to the homeowner no less than 45 days before a foreclosure action may be submitted in court. Pursuant to Maryland law and policy, a copy of the Notice of Intent to Foreclose must be digitally submitted to the Commissioner through the Foreclosure Registration System within 5 business days of mailing a Notification of Intent to Foreclose. The Commissioner does not accept submissions in any other way. Filing a copy of the Notice of Intent to Foreclosure with the Commissioner must be achieved before a celebration is authorized to file an action to foreclose a mortgage or deed of trust on house. Failure to comply with this requirement will subject a lawbreaker to the enforcement jurisdiction of the Commissioner. Refer to Md. Code Ann., Real Prop. § 7-105.1(c)and COMAR 09.03.12.02.- The Notice of Foreclosure supplies particular information concerning house topic to a foreclosure and must be submitted within 7 days of the filing of an order to docket or a grievance to foreclose a mortgage or deed of trust on the home. Describe Md. Code Ann., Real Prop. §

7-105.2.-The Foreclosed Residential or commercial property Registration is planned to track owner contact details for foreclosed residential or commercial properties between the date of the foreclosure sale and recordation of the deed transferring the residential or commercial property to the new owner. The Foreclosed Residential or commercial property Registration contains contact details for the purchaser, the celebration accountable for upkeep of the residential or commercial property, and the entity licensed to accept legal service on behalf of the buyer, in addition to other relevant information such as whether the residential or commercial property is known to be inhabited, the date of the sale, and the date of court ratification. This details is intended, in part, to allow city governments to deal with concerns connected to the residential or commercial property, such as code enforcement, annoyance abatement, residential or commercial property maintenance, police, public safety, public health, emergency services (fire, EMS), to notify public law (i.e. data collection to determine trends, develop policy reactions, and so on), and to aid in the collection of relevant taxes. Within thirty days after a foreclosure sale of domestic home, a foreclosure purchaser shall send a Preliminary Registration ($50 filing charge if prompt/$100 filing charge if late) and within thirty days after a deed transferring title to the residential home has been taped, the foreclosure buyer shall send a Final Registration (no filing fee). Refer to Md. Code Ann., Real Prop. § 7-105

.14. After Initial Registration, and within 21 organization days of a modification, a foreclosure buyer should update its registration with any change in 1) the name and address of the individual, consisting of a replacement buyer, who is authorized to accept legal service for the foreclosure purchaser, 2) if known, the occupancy/vacancy status of the residential or commercial property, 3) the name, phone number, and street address of the individual who is responsible for the upkeep of the residential or commercial property, and 4) the status of whether the foreclosure buyer has ownership of the residential or commercial property.

NOTE: Specific notification and registration information in the Foreclosure Registration System is usually private and is not public details. Maryland State and Local Government Officials might be licensed in their official capability to view Notices of Foreclosure or Foreclosed Residential Or Commercial Property Registrations (for their respective jurisdictions only) by establishing a Government User account in the Foreclosure Registration System. Additionally, a homeowner's association or condo in which a residential or commercial property in concerns lies, or a person who owns residential or commercial property on the exact same block as a residential or commercial property in question, might request from OFR or regional jurisdiction particular info related to a Notification of Foreclosure or Foreclosed Residential Or Commercial Property Registration. See Md. Code Ann., Real Prop. § § 7-105.2(c)( 3) & 7-105.14(g)( 3 ).

Except as noted above, OFR is restricted from providing info regarding particular residential or commercial properties to the public. System users besides State and local government authorities just have access to those notifications and registrations that they have submitted. The Office is not allowed to offer lists of foreclosed residential or commercial properties to the general public.

For assistance concerning the Foreclosure Registration System, contact Office personnel by email at [email protected] or by phone at 410-230-6245.

Additional Information and Documents

Foreclosed Residential Or Commercial Property Registrations - Instructions for Foreclosure Purchasers

Maryland Foreclosure Registration System: Information for State and Local Government Officials

List of Government and Nonprofit Foreclosure-Related Resources (for inclusion with Notices of Intent to Foreclose) -this list is upgraded regularly by the Maryland Department of Housing and Community Development

Laws, Rules, and Regulations

Persons getting involved in the foreclosure process are anticipated to be educated about and in compliance with Maryland domestic foreclosure laws, and any other applicable State or Federal statutes, guidelines, and guidelines. Maryland laws, guidelines, and guidelines can be found by accessing the Annotated Code of Maryland and Rules and Code of Maryland Regulations (COMAR).