Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Foreclosures
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 17 years ago on .

User Stats

16
Posts
1
Votes
Jonathan Rundlett
  • Silver Spring, AL
1
Votes |
16
Posts

Foreclosure Purchaser law - MD

Jonathan Rundlett
  • Silver Spring, AL
Posted

I'm interested in purchasing some investment properties by means of a short sale in Montgomery County, MD. After completion of the short sale, I would prefer to sell the property for a profit but MD has a state law that requires Foreclosure Purchasers to pay the original homeowner 82% of the net proceeds if sold within 18 months of a foreclosure reconveyance. Does anyone else do short sales in MD? Are there ways to avoid having to pay 82% of your net proceeds to the original homeowner if re-sold within 18 months?

Thanks for any suggestions you may have!