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Updated over 8 years ago on . Most recent reply

Joe Walsh's profile image
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Joe Walsh
  • from Tampa, Florida
  • Member since Mar 14, 2017
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Joe Walsh's profile image
Joe Walsh's profile image
Joe Walsh
  • from Tampa, Florida
  • Member since Mar 14, 2017
Connect
Joe Walsh
  • Tampa, FL
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Maryland Real Estate Q&A Discussion Forum

Maryland PHIFA Law Violations

Joe Walsh
  • Tampa, FL
Posted

 Is it a violation of PHIFA to buy a house subject to an existing mortgage that is about to be sold at foreclosure auction? The purhaser would make The defaulted note current plus give cash to the seller, and give the seller portions of the proceeds when it is later resold. I am aware of the due on sale clause and any potential consequences. I am more worried about PHIFA however. Any thoughts would e apppreciated. 

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