Rule 14-215 - Post-Sale Procedures(a) Procedure Following Sale. The procedure following a sale made pursuant to this Chapter shall be as provided in Rules 14-305 and 14-306, except that an audit is mandatory.(b) Resale. If the court sets a sale aside, the court may order that the property be resold by the individual who made the previous sale or by a special trustee appointed by the court.(c) Conveyance to Purchaser.(1)When Made. After the court has finally ratified a sale and the purchase money has been paid, the individual making the sale shall convey the property to the purchaser or the purchaser's assignee. If the conveyance is to the purchaser's assignee, the purchaser shall join in the deed.(2)Under Power of Sale--When Vendor and Purchaser Are the Same. If the individual making a sale and the purchaser at a sale made pursuant to a power of sale are the same person, the court shall appoint in the order of ratification a trustee to convey the property to the purchaser after payment of the purchase money. The trustee need not furnish a bond unless the court so provides in its order.(3)To Substituted Purchaser. At any time after the sale and before a conveyance, the court, upon ex parte application and consent of the purchaser, substituted purchaser, and individual making the sale, may authorize the conveyance to be made to a substituted purchaser.Md. R. Prop. Sales 14-215
This Rule is derived from the 2008 version of former Rule 14-207(d), (e), and (f).
Adopted February 10, 2009, eff. 5/1/2009. Amended March 11, 2013, eff. 5/1/2013; 11/21/2013, eff. 1/1/2014; amended June 29, 2020, eff. 8/1/2020.HISTORICAL NOTES
2013 Orders
The May 1, 2013, order, amended the Rule to add a cross reference at the end of the Rule.
The November 21, 2013, order, added a cross reference to a certain statute to the end of the Rule.
For a purchaser's obligation to notify the supervisor of assessments for the county in which the residential property is located of the ratification of the foreclosure sale, see Code, Real Property Article, § 7-105.16. For requirements relating to registration by foreclosure purchasers with the Foreclosed Property Registry of the Commissioner of Financial Regulation, see Code, Real Property Article, § 7-105.14. For an alternate method to take possession of residential real property when the person claiming a right to possession of the property by the terms of a foreclosure sale or court order does not have a court-ordered writ of possession executed by a sheriff or constable, see Code, Real Property Article, § 7-113(b)(2)(ii).