When you sell real estate in Maryland and are not a resident of the State of Maryland, you need to be aware of the non-resident withholding tax. Since 2003, the…
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As we head into the busiest time of year for real estate, I want to bring up a small matter that regularly gets overlooked. Selecting a closing date. This often-overlooked…
Can you apply for the D.C. Lower Income Homeownership Exemption (D.C. Tax Abatement) more than once? Yes. According to the Recorder of Deeds, there are no current statutory limitations as…
Written by: Tyler J. Turner, Executive Director of the Utah Association of Title Professionals In a case of legislative railroading spurred on by national real estate brokerages, Utah lawmakers cast…
You Have A Choice: Every day I take phone calls or receive emails from prospective clients who are shopping for a title company. And every day it always amazes me…
Nearly all established title companies in the Washington DC market boast a substantial number of online reviews. However, unlike other service industries, the title industry invites highly divergent review ratings…
Yes. For G-4 visa holders that do not file U.S income taxes, the DC Recorder of Deeds requires a letter from their employer stating the annual salary and that the…
When purchasing a property, there are many different expenses, a lot of which seem to overlap. One expense that is frequently questioned is whether it is worth it to obtain…
As of October 1, 2016, county law requires that “a single-family home located in the county must be tested for radon before completing a sale of the home.” A single-family…
Are carbon monoxide detectors required for selling property in the State of Maryland? Let’s find out. First, carbon monoxide detectors have been required in all rental units in Maryland since…
Federal Title & Escrow Company, a leading title & escrow closing company in D.C., Maryland, and Virginia announces the opening of its new Rockville office at 2275 Research Boulevard, Suite 500, Rockville, MD 20850….
Disclosure of easements, conditions, and restrictions is a must. For example, a buyer recently walked on a contract because the seller had failed to disclose a building easement benefitting the…
Washington, D.C. February 11th, 2019 – Federal Title & Escrow is pleased to announce that Cash to Close funds can now be submitted electronically through our partner ZOCCAM. This technology…
Do you qualify for the D.C. Homestead Deduction if the property is titled in the name of your trust? Yes, assuming you occupy the property as your principal residence and…
According to the latest FBI report, criminals are becoming more secretive and agile at committing wire fraud schemes. With the amount of wire fraud incidents growing each year, being aware…
For the latest DC credit program, please view information here on DC’s Newly Enacted First-Time Homebuyers Recordation Tax Reduction program that went into effect October 1, 2018.
Purchase price and income thresholds to qualify for the popular DC Tax Abatement Program have increased, making it easier for more homebuyers to become homeowners.
The District of Columbia Office of Tax and Revenue increased the purchase price threshold to $464,000 from $456,000.
Do You Qualify as A First-Time Homebuyer?
Federal Title’s Guaranteed Quote Tool will instantly answer that question for you by prompting you with all the right questions.
We’ve had a lot of questions about TOPA lately. Some of them listed below.
The new TOPA statute for a single-family home, condominium unit and single-family home with an appurtenant unit is finally in place.
As a homebuyer, it is important to be aware of programs you can benefit from in order to reduce the overall cost of the process of buying a place to live.
The DC Tax Abatement program is one such opportunity that a homebuyer can and should take advantage of.
However, there are qualifications that a homebuyer must meet in order to become eligible for this program, and it is important to stay informed on what these are.
