MD

Registry entries (prose)

Sale typeWhat you actually buy. A lien sale gives you a claim on the property and the owner keeps it for now; a deed sale transfers the property itself. A redeemable deed transfers ownership but still gives the former owner time to pay you back. See the full glossary for more terms.

lien

Md. Code, Tax-Property § 14-805(a)

Interest / penaltyWhat you earn when the owner redeems. Interest is a rate paid over time; a penalty is usually a one-time percentage of the tax or redemption amount. A rate that is bid down during the auction is still interest. See the full glossary for more terms.

6%/yr default (county-specific); owner-occupied max 10%/yr

Md. Code, Tax-Property § 14-820(b)-(c)

RedemptionHow long the former owner has to repay the debt and keep the property after the sale. Your money stays tied up until this window closes, so a long period can mean a multi-year wait on a lien. See the full glossary for more terms.

until right of redemption foreclosed (certificate void unless foreclosure within 2 years)

Md. Code, Tax-Property § 14-833(b)(3)(iii)

Bid methodHow the winner is chosen: bidding the interest rate down, bidding a premium above the amount owed, a random or rotating draw, or simply buying at the minimum bid. See the full glossary for more terms.

public auction to highest bidder (high-bid premium may apply)

Md. Code, Tax-Property § 14-817

Sale timingWhen sales are typically held. Many counties publish sale lists only a few weeks ahead, and some sell continuously or on their own schedule. See the full glossary for more terms.

varies by county

Md. Code, Tax-Property § 14-808(a)(1)

Source

https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gtp&section=14-805

Certificate of sale subject to redemption.

Counties (24)