If a property in Maryland goes into foreclosure and it does not sell at public auction what happens?

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If a property in Maryland goes into foreclosure and it does not sell at public auction what happens?

2006-11-04 10:36:56 · 2 answers · asked by mfc 1 in Business & Finance ➔ Personal Finance

2 answers

if it doesn't sell which is highly unlikely the state will hold another auction until it does sell. until then they own it and can do with it what they please

2006-11-04 10:44:13 · answer #1 · answered by nathanstone1 2 · 0⤊ 0⤋

You are liable for the full amount due after the sale you are only liable for the differance that is lost.

2006-11-04 10:49:31 · answer #2 · answered by Robert F 7 · 0⤊ 0⤋