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2017 Regular Session



Residential Property - Vacant and Abandoned Property - Expedited Foreclosure

Sponsored by:

Delegate Holmes


Veto sustained (0-140)

Synopsis:Authorizing a secured party to petition a circuit court for leave to immediately commence an action to foreclose a mortgage or deed of trust on residential property if the property is vacant and abandoned under specified circumstances; requiring a secured party to send a copy of a specified petition to specified persons under specified circumstances; requiring a court to rule on a specified petition promptly after the petition is filed; applying the Act prospectively; etc.
Analysis:Fiscal and Policy Note (Revised)
All Sponsors:Delegates Holmes, Parrott, Angel, Proctor, Anderton, Barve, Beidle, Cassilly, Clark, Flanagan, Folden, Fraser-Hidalgo, Frush, Healey, Jalisi, Lafferty, McCray, McMillan, Robinson, Stein, and Wivell
Additional Facts:Cross-filed with: SB1033
Bill File Type: Regular
Effective Date(s): October 1, 2017
Environment and Transportation  View Committee HearingJudicial Proceedings
Broad Subject(s):Real Property
Narrow Subject(s):Abandoned Property
Circuit Courts
Counties -see also- Chartered Counties; Code Counties
Financial Regulation, Division of
Municipal Corporations -see also- Annap; Balt; Hager; OC
Public Officials -see also- Atty Gen; Compt; Coun Admin; etc
Real Property
Rules and Regulations
Statutes:Article - Real Property
(7-105.1, 7-105.14)

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January 11, 2018 7:30 A.M.