Skip to main content
CourtGPT logoCourtGPT
Directory
Law
For Attorneys
Blog
AppointmentsSign InSign Up
Section 5-349 - Foreclosures on Mortgages or Deeds of Trust — Maryland Law | CourtGPT
  1. Home/
  2. Laws/
  3. Maryland/
  4. Economic Development - Division I - Secretary of Commerce and Department of Commerce/
  5. Division I - Secretary of Commerce and Department of Commerce/
  6. Title 5 - Economic Development and Financial Assistance Programs/
  7. Subtitle 3 - Maryland Economic Development Assistance Authority and Fund/
  8. Part VII - Child Care Special Loans/
  9. Section 5-349 - Foreclosures on Mortgages or Deeds of Trust
Maryland Legal Code

Section 5-349 - Foreclosures on Mortgages or Deeds of Trust

Ask AI about this
(a) A mortgage or deed of trust held as security for a child care special loan made under this part that is in default may be foreclosed by the Department in the same manner as the Maryland Rules provide for foreclosures in private transactions. (b) The Department may take title in its name to any property foreclosed under this section as well as to convey title to that property to a bona fide purchaser of the property.