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Use these forms to finance residential property, vacant land, condominiums, planned unit developments and small commercial property. ("Residential Property" means real property improved by four or fewer single family dwelling units that are designed principally and are intended for human habitation.) If a property meets these standard a "License Information or Affidavit filed in Accordance with Real Property Article" form is required. This Deed of Trust contains a "Power of Sale" clause which shall be made in accordance with the provisions of Section 7-105, Real Property Article, Annotated Code of Maryland, as amended, and Rules 14-201 through 14-210 of the Maryland Rules, as amended, or other applicable general or local laws of the State of Maryland or judicial rules of procedure relating to the foreclosure of Deeds of Trusts. A Deed of Trust with stringent default terms and conditions can be beneficial to a lender in the case of default. Included is an ["Affidavit of Consideration" required for mortgage or deed of trust.] (3-104.1(a)) [4-106(a)]
For use in Maryland only.
Deeds.com Maryland Deed of Trust and Promissory Note Forms Have Been Updated as Recently as Wednesday March 15, 2023
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