New Maryland bill to limit cost of condo resale package

Written by Guest on February 20, 2014.

Maryland law requires the seller to provide specific information pertaining to the resale of property within a Homeowner’s Association (HOA) or a property designated under a condominium regime. Typically, this information is produced by the...

Maximum VA loan county limits for 2014 released

Written by Guest on January 7, 2014.

The Department of Veterans Affairs Loan Guaranty Program recently published county “limits” to be used for VA Loans effective January 1, 2014. Please note, these limits do not reflect a maximum amount that an eligible veteran...

Fannie Mae, Freddie Mac conforming loan limits for 2014 released

Written by Guest on December 3, 2013.

The Federal Housing Finance Agency (FHFA) published today the maximum conforming loan limits, which is the ceiling on loans eligible for backing by Fannie Mae and Freddie Mac. The limits listed below are for some counties in Maryland and...

New law will eliminate subordination agreement requirements for some Maryland residential refinances

Written by Guest on August 20, 2013.

A homeowner who wants to refinance his or her first mortgage when there are two mortgages on the property is typically required to obtain a subordination agreement for the existing second mortgage. This is because without such an agreement,...

Big change for Maryland refinances involving non-principal residences

Written by Guest on June 28, 2013.

Until recently, Maryland treated refinances of principal residences and other properties differently. A borrower refinancing a principal residence paid recordation taxes on the difference between the outstanding principal balance of the existing...

I just bought a property in Maryland. How do I qualify for the Homestead Tax Credit?

Written by Guest on May 28, 2013.

If you just bought a property in Maryland, there is nothing that you need to do right now to qualify for the Maryland Homestead Tax Credit. The property taxes you pay are calculated based upon the assessed value of your property. If the assessed...

Real property tax assessment guide

Written by Guest on April 3, 2013.

While all government jurisdictions collect taxes on real property, each does so in its unique way. Collection methods and tax due dates, for example, vary from one jurisdiction to the next. To help you navigate real property taxes in the...

Round-up of recent changes to DC metro area transfer, recordation taxes

Written by Guest on February 6, 2013.

As Todd mentioned in his blog post earlier this month, the biggest ticket item for closing costs for a real estate purchase in DC can be the transfer and recordation taxes collected by the DC government. The same holds true for...

Closing costs complicated in Montgomery County, Maryland

Written by Guest on January 16, 2013.

Closing costs in Montgomery County, Maryland – both in terms of the required complex calculations and the high rates – may be the most unfriendly jurisdiction to home buyers and sellers compared to all other jurisdictions in the country....

Maximum VA loan county limits for 2013 released

Written by Guest on January 2, 2013.

The Department of Veterans Affairs Loan Guaranty Program recently published county “limits” to be used for VA Loans effective January 1, 2013. Please note, these limits do not reflect a maximum amount that an eligible veteran is permitted...

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New Maryland bill to limit cost of condo resale package

Maximum VA loan county limits for 2014 released

Fannie Mae, Freddie Mac conforming loan limits for 2014 released

New law will eliminate subordination agreement requirements for some Maryland residential refinances

Big change for Maryland refinances involving non-principal residences

I just bought a property in Maryland. How do I qualify for the Homestead Tax Credit?

Real property tax assessment guide

Round-up of recent changes to DC metro area transfer, recordation taxes

Closing costs complicated in Montgomery County, Maryland

Maximum VA loan county limits for 2013 released

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Financial assistance for Maryland homebuyers

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Buying a home? DC may offer down payment assistance