Rich in the tradition and history of Maryland, the Office of Clerk of the Circuit Court is one of the oldest public institutions in the state. Welcome to the Cecil County Circuit Courthouse and the Office of the Clerk of the Circuit Court. The Clerk of the Court is a locally elected State official with the responsibilities established and regulated by the laws of Maryland and the Rules of the Court of Appeals of Maryland.
(a) A vendee who fails to record a contract for deed, as required by subdivision 1, is subject to a civil penalty, payable under subdivision 5, equal to two percent of the principal amount of the contract debt, unless the vendee has not received a copy of the contract for deed in recordable form, as required under subdivision 1a.
Put every term of the land contract in writing. In real estate, land contracts must be documented in writing to be considered legitimate. The nature of a land contract gives the seller additional protection in case the buyer defaults on the loan. The seller most likely will record a deed or mortgage in the county records office where the property is located. In most cases, the buyer pays a down payment to the seller. In many cases, the seller secures the loan by using the property as collateral. If the buyer defaults, the seller is authorized to foreclose and repossess the property. Further, all payments made under the land contract are forfeit if the buyer defaults.