Saturday, January 06, 2007

Maryland Home Equity Theft Law Available Here

Maryland's equity stripping prevention, home equity theft protection act was signed into law on May 26, 2005 by Governor Robert Erlich to protect homeowners at risk of foreclosure, from self-styled foreclosure rescue consultants who promise to help them avoid foreclosure but end up
  • owning the home themselves, or
  • stripping off the property owner's built-up home equity in some other manner.

The law can be found in Title 7 of the Maryland Real Property Law. (More specifically, the law is contained in Title 7, Subtitle 3 - Protection of Homeowners in Foreclosure (Sections 7-301 through 7-321). Each section of the statute has its own link.

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