One common question from people who are looking for a Maryland Foreclosure Defense strategy is "Can I rent my home if it is in foreclosure?"
The answer to this question is really rather simple. In Maryland you can rent your home as long as you own it. If a lender has begun foreclosure proceedings it may be wise as a Maryland foreclosure defense strategy to rent your property out.
First, that may give you additional income by which to pay the lender and forestall the foreclosure. Additionally, the lender may realize that there are tenants in the property and as a result they may decide they do not want to force foreclosure. It may be a good Maryland foreclosure defense, therefore, to take proactive steps in order generate more money or prove to the lender that you are serious about keeping the house.
As a homeowner in Maryland, it is wise to contact your lender and determine what their plans are in terms of foreclosure. A proactive approach is always best, as once the foreclosure has begun, it is very difficult to unwind the process and very costly to engage in a foreclosure defense litigation strategy. In any event, as long as you own the property, you are the fee title owner to it and can do with it as you please.