Finance (alternative)
Maryland's foreclosure process requires judicial proceedings, which means:
AThe lender must obtain a court order through the court system before completing foreclosure✓ Correct
BThe borrower has no right to contest the foreclosure
CForeclosure takes 30 days maximum
DThe property is sold automatically after 3 missed payments
Explanation
Maryland is a judicial foreclosure state. Lenders must file a lawsuit and obtain a court order authorizing the foreclosure sale, providing borrowers the opportunity to contest the action.
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