Real property — Foreclosure — Interest and taxes
As a matter of contract and convention, foreclosure sale purchasers who deposit a portion of the purchase price commonly “pay interest upon the unpaid balance for the period between the time fixed for settlement and the date of actual settlement” and pay
property taxes from the date of the sale. See Donald v. Chaney, 302 Md. 465, 477 (1985); AMT Homes, LLC v. Fishman, 228 Md. App. 302, 310 (2016). Yet if ratification of the sale or the ensuing settlement is delayed, the Court of Appeals has held that equitable
exceptions may be warranted under certain circumstances, including when the delay is “caused by the conduct of other persons beyond the power of the purchaser to control or ameliorate.”
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