Md. first-time buyers 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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Transfer taxes, real property taxes... Explained

"In this world nothing can be said to be certain, except death and taxes," Ben Franklin once famously said. Yet when it comes to taxes on real property – especially for first-time homebuyers – we find much uncertainty and confusion exists.

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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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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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