Maryland High Court Adopts New Foreclosure Rules

In Annapolis, Maryland, The Daily Record reports:

• New foreclosure-procedure rules go into effect Wednesday that require lenders to provide direct notice to delinquent homeowners before taking possession of and selling their homes. The new rules, adopted by the Court of Appeals without objection Tuesday morning, bring residential foreclosure procedures into conformity with a Maryland law enacted this spring amid a foreclosure crisis expected to affect about 50,000 Maryland homeowners, according to judiciary estimates. But the chairman of the committee that drafted the new rules said its work is not finished.

For more, see Foreclosure rules take effect Wednesday.