The Office of Financial Regulation is accountable for the advancement and/or guidance of specific elements of the foreclosure process including domestic property and gets certain notifications and registrations associated with the foreclosure procedure. Specifically, the Office promotes guidelines regarding the kinds, series of files, and specific procedures to be used as part of the foreclosure procedure, including, but not limited to:

- the format and content of the Notice of Intent to Foreclose, the template loss mitigation application, the preliminary loss mitigation affidavit, the final loss mitigation affidavit, the notice to accompany the order to docket;
- the cost, notification, application and guidelines for prefile mediation, and a mediation checklist that explains the matters that shall be reviewed and thought about in a prefile mediation; and
- the demand kind for postfile mediation, the documents and information to be supplied by each party to the mediation, and a mediation list that describes the matters that shall be examined and thought about in a postfile mediation

Describe 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 notices and registrations that are mandated by Maryland law. Specifically, the system permits 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 could be submitted against them in court. It should be sent by accredited and first-rate mail to the property owner no less than 45 days before a foreclosure action might be filed in court. Pursuant to Maryland law and guideline, a copy of the Notice of Intent to Foreclose need to be electronically sent to the Commissioner through the Foreclosure Registration System within 5 service days of mailing a Notice of Intent to Foreclose. The Commissioner does not accept submissions in any other manner. Filing a copy of the Notice of Intent to Foreclosure with the Commissioner should be accomplished before a celebration is licensed to file an action to foreclose a mortgage or deed of trust on house. Failure to abide by 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 specific info regarding domestic home topic to a foreclosure and need to be filed within 7 days of the filing of an order to docket or a problem to foreclose a mortgage or deed of trust on the house. Describe Md. Code Ann., Real Prop. §

7-105.2.-The Foreclosed Residential or commercial property Registration is intended to track owner contact information 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 brand-new owner. The Foreclosed Residential or commercial property Registration consists of contact details for the purchaser, the party accountable for maintenance of the residential or commercial property, and the entity licensed to accept legal service on behalf of the buyer, in addition to other pertinent details such as whether the residential or commercial property is understood to be occupied, the date of the sale, and the date of court ratification. This info is meant, in part, to allow regional governments to address problems associated with the residential or commercial property, such as code enforcement, nuisance reduction, residential or commercial property maintenance, police, public safety, public health, emergency services (fire, EMS), to notify public policy (i.e. data collection to identify patterns, develop policy reactions, and so on), and to aid in the collection of appropriate taxes. Within one month after a foreclosure sale of residential property, a foreclosure purchaser will submit a Preliminary Registration ($50 filing fee if prompt/$100 filing fee if late) and within 1 month after a deed transferring title to the house has been tape-recorded, the foreclosure purchaser will submit a Final Registration (no filing charge). Refer to Md. Code Ann., Real Prop. § 7-105

.14. After Initial Registration, and within 21 business days of a modification, a foreclosure purchaser must update its registration with any modification in 1) the name and address of the individual, consisting of a substitute purchaser, 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 person who is responsible for the maintenance 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 notice and registration information in the Foreclosure Registration System is generally private and is not public info. Maryland State and City government Officials may be authorized in their official capacity to see Notices of Foreclosure or Foreclosed Residential Or Commercial Property Registrations (for their particular jurisdictions only) by establishing a Federal government User account in the Foreclosure Registration System. Additionally, a house owner's association or condominium in which a residential or commercial property in questions lies, or an individual who owns residential or commercial property on the very same block as a residential or commercial property in question, might request from OFR or local jurisdiction specific information associated 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 forbidden from providing information regarding particular residential or commercial properties to the public. System users other than State and city government officials only have access to those notices and registrations that they have sent. The Office is not allowed to supply lists of foreclosed residential or commercial properties to the general public.

For help relating to the Foreclosure Registration System, contact Office personnel by email at FinReg.ForeclosureSystems@maryland.gov 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 City Government Officials

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

Laws, Rules, and Regulations

Persons taking part in the foreclosure process are expected to be educated about and in compliance with Maryland property foreclosure laws, and any other relevant State or Federal statutes, guidelines, and guidelines. Maryland laws, rules, and policies can be found by accessing the Annotated Code of Maryland and Rules and Code of Maryland Regulations (COMAR).