Understand the problem before choosing the solution.
When a house becomes difficult to manage, the natural reaction is to look for the fastest way out. A better first step is to identify the facts that affect your choices.
For a Baltimore property, that may include ownership, title, occupancy, taxes, liens, condition, notices, insurance, mortgage balance, estate documents or the property location.
Official rules can vary by property, jurisdiction and circumstances. Use this page as a starting point and verify important legal, tax, title and safety questions with the appropriate professional or government office.
Questions to answer
- Secure the property — determine what applies before you commit to a strategy.
- Document damage — determine what applies before you commit to a strategy.
- Review insurance — determine what applies before you commit to a strategy.
- Check mortgage and taxes — determine what applies before you commit to a strategy.
- Compare restoration versus sale — determine what applies before you commit to a strategy.