Every land installment contract shall be indexed and recorded among the land records in the office of the clerk of the circuit court of the county where the property which is the subject of the contract is located. With regard to any person who claims any interest in or lien on the property arising after the time of recording, the property is deemed to be held from the time of recording by the then record owner of fee simple or leasehold title to the property, subject to the rights and interest of the purchaser of the contract as stated in the contract.
Structure Maryland Statutes
Subtitle 1 - Land Installment Contracts
Section 10-102 - Form and Delivery of Land Installment Contracts
Section 10-103 - Contents of Contract; Application of Payments; Payments and Mortgage When Land Sold
Section 10-105 - Purchase Money Mortgage
Section 10-107 - Statement to Be Furnished by Vendor
Section 10-108 - Right of Purchaser to Enforce Provisions of Subtitle