Posted by Dawn/PA on 5/27/09 5:18pm
Msg #290116

Question for Maryland Notaries

In your experience, what is more common - a mortgage or a deed of trust? And for a property in Baltimore City where are they recorded? Google was not being very friendly today.

Reply by hp/MD on 5/28/09 12:42am
Msg #290144

The answer to your question would be Deed of Trust. As for Baltimore, it would be downtown .

Reply by Ilene C. Seidel on 5/28/09 6:00am
Msg #290148

Maryland is Deed of Trust and Land Records at City Court House

Reply by Dawn/PA on 5/28/09 6:27am
Msg #290149

Thats what I was afraid of. Thanks!!

Reply by PAW on 5/28/09 7:42am
Msg #290154

It appears, from looking at my underwriting manual, the MD uses both.

[quote]

The customary security instrument used in metropolitan areas of Maryland is the deed of trust. Other areas of Maryland typically use the mortgage.

No witnesses are required on mortgage instruments executed in Maryland, but a witness is always a good inclusion.

Documents executed and acknowledged in accordance with the laws of another state may be accepted for recordation if the acknowledgment is in accordance with Maryland law. A preparation certification is required for recordation of a deed, mortgage or deed of trust and the instrument will be rejected without the certification.


Preparation Certification: Per the dictates of Maryland Code Annotated, RP 3-104(f)

"No deed, mortgage, or deed of trust may be recorded unless it bears the certification of an attorney at law that the instrument has been prepared by an attorney or under an attorney's supervision, or a certification that the instrument was prepared by one of the parties named in the instrument."

[end quote]

Reply by Art_MD on 5/28/09 2:17pm
Msg #290200

In 2000+ signings, I've never seen a Mortgage - always DOTs. Closing done in 12+ counties

Art