First-time homebuyers in Maryland exempt from transfer taxes

Q. Is there an advantage of being a first-time homebuyer in Maryland? The answer is "Yes." If you are a first-time homebuyer in the State of Maryland, then you are exempt from paying your portion of the State Transfer Tax (.25% of the Sales Price).

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Why aren't more title companies transparent?

On average, title charges (i.e., settlement or closing fee, title insurance) comprise 70 percent of the total variable closing costs*. Since title charges do vary significantly from title company-to-title company in DC, MD, VA, and FL...
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DC Tax Abatement

The DC Tax Abatement Program provides an exemption from the DC 1.1% Recordation Tax and an allowable credit from your seller(s) of 1.1% equal to the DC Transfer Tax. Additionally, the program provides a five-year...
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Power of Attorney pitfalls

In my 18 years as a settlement attorney, I can point to an improper Power of Attorney (POA) form as one of the most common causes of a delayed closing. You have no doubt encountered clients who are too busy or physically unable to make it to closing.
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