How does foreclosure work in Maryland?
Maryland uses a quasi-judicial foreclosure process. The homeowner keeps legal title and may sell the home (paying off the mortgage at closing) and keep the equity at any time up until the foreclosure sale occurs; after the sale, only surplus sale proceeds (if any) remain available through the court audit.
Can you catch up and keep your home?
Homeowner may cure the default by paying all past-due payments, penalties, and fees and reinstate the loan (without paying the full accelerated balance) at any time up to 1 business day before the foreclosure sale.
Until when can you sell and keep your equity?
The homeowner keeps legal title and may sell the home (paying off the mortgage at closing) and keep the equity at any time up until the foreclosure sale occurs; after the sale, only surplus sale proceeds (if any) remain available through the court audit. See your exact dates with the free Maryland Foreclosure Deadline Calculator.
The honest math on a Maryland foreclosure
Every day you carry the loan, arrears, fees, and interest grow. A traditional listing takes weeks to market and 30–45 more days for a financed buyer to close — time you may not have before the sale date.
A cash sale that closes before the sale date lets you walk away with your equity instead of losing it at auction. Talk to a free HUD counselor too — you may have options beyond selling.