Facing Foreclosure in Baltimore? Understand Your Options

Understand the problem before choosing the solution.

When a house becomes difficult to manage, the natural reaction is to look for the fastest way out. A better first step is to identify the facts that affect your choices.

For a Baltimore property, that may include ownership, title, occupancy, taxes, liens, condition, notices, insurance, mortgage balance, estate documents or the property location.

Maryland Courts says eligible owner-occupants may request foreclosure mediation after a foreclosure action is initiated, with specific filing requirements and deadlines. Verify your current notice and official court information before relying on any deadline.

Questions to answer

• Check your notices — determine what applies before you commit to a strategy.
• Ask about loss-mitigation options — determine what applies before you commit to a strategy.
• Learn whether mediation applies — determine what applies before you commit to a strategy.
• Compare keeping, selling and other options — determine what applies before you commit to a strategy.
• Get professional advice when needed — determine what applies before you commit to a strategy.

You may have more than one path.

Depending on the property, your options may include keeping it, repairing it, renting it, listing it traditionally, selling it yourself, or requesting an as-is cash offer.

The goal is not to push you toward one answer. The goal is to compare the likely net result, the time involved, the work required and the risks you are comfortable taking.

When you request a cash offer from Through My Front Door, you can use the offer as one data point in that comparison. You are free to ask questions, compare alternatives and decide what works for you.