Maryland Code, COMMERCIAL LAW 15-210.1
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Terms Used In Maryland Code, COMMERCIAL LAW 15-210.1
- Foreclosure: A legal process in which property that is collateral or security for a loan may be sold to help repay the loan when the loan is in default. Source: OCC
- Lien: A claim against real or personal property in satisfaction of a debt.
A conveyance is not fraudulent as to a creditor if, conducted in accordance with applicable law, the conveyance results from:
(1) A foreclosure sale;
(2) A sale to enforce a statutory lien;
(3) A judicial sale; or
(4) A sale of property under levy.