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Real Estate & Property Law

: The Home Equity Theft Reporter

MD Appeals Court: State Foreclosure Rescue Law Applies To Transaction Where Law Took Effect After Contract But Before Closing Of Sale Leaseback Ripoff

By r morris

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In a recent ruling by the Maryland Court of Special Appeals, the court rejected an accused sale leaseback peddler's attempt to dodge the application of the state's Protection of Homeowners in Foreclosure Act by claiming that the contract for the transaction pre-dated the effective date of the statute, in a deal that didn't actually close until after the law took effect.In reversing a lower court

Full post as published by The Home Equity Theft Reporter on January 04, 2011 (boomark / email).

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