Does any know the deficiency laws in the state of Maryland?

I'm a Realtor in Arizona but have some close family friends that have a house in Maryland that they need to short sale. If they do a short sale in Maryland are they liable for the balance between the mortgage and purchase price?

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Comment by Fernando Herboso on August 12, 2013 at 1:28am: Depending strictly by the lenders that are given the approval. .and they have 3 years to pursue it by law after a short sale, deed in lieu or foreclosure. .

more info for MD residents here: http://www.reallynicehomes.com/short-sales-expert-maryland-virginia/

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