E. [§ 6.30] Deficiency Decree

• Jurisdiction: Maryland

E. [§ 6.30] Deficiency Decree

Under Md. Rule 14-216(b), the mortgagor can file a motion for a deficiency decree in the circuit court. Md. Rule 14-216(b). A mortgagee that "buys in" the property at foreclosure is entitled to a deficiency decree if it has not waived its right to such a decree. In re Brown, 126 B.R. 481 (Bankr. D. Md. 1991); see also Citibank Fed. Sav. Bank v. New Plan Realty Trust, 131 Md. App. 44, 748 A.2d 24 (2000) (also holding that a judgment creditor may bid on and purchase property at...