homebuying Archives - Federal Title & Escrow Company

DC Tax Abatement Income, Purchase Price Thresholds Increase

Written by Federal Title on 2020-10-05.

Officially known as the Lower Income Homeowner Exemption Program, DC Tax Abatement delivers a large tax savings to first-time homebuyers who qualify.

Financial assistance for Maryland homebuyers

Written by Raiha Singh on 2020-06-02.

If you are planning to purchase a property in Maryland and are: a first-time homebuyer, buying in one of the targeted areas, a veteran or someone with student debt, then this post is for you! The MMP 1st Time Advantage program is open to...

Buying a home during coronavirus – and closing at a safe distance

Written by Federal Title on 2020-05-22.

Maybe you’ve been planning to grow your family – or maybe you’ve been cooped up with family during coronavirus – and found yourself daydreaming about buying a home with more space. As you wake from your reverie, the realist in you wonders...

Reissue Rates Explained

Written by Joe Gentile on 2019-09-12.

What is a reissue rate? Simply put, it is a homebuyer discount on the cost of an owner’s title insurance policy. The following sets forth the requirements along with the most common questions we encounter from homebuyers. (Our title...

TOPA: Confused yet?

Written by Catherine Schmitt on 2018-08-22.

We've had a lot of questions about TOPA lately. Some of them listed below.

TOPA: New law is finally here!

Written by Nikki Smith on 2018-08-09.

The new TOPA statute for a single-family home, condominium unit and single-family home with an appurtenant unit is finally in place.

5 Things to Know About DC Homestead Deduction

Written by Nikki Smith on 2018-07-23.

In the process of purchasing a property, it is hard to keep track of all of the elements involved. Such elements can even include things that could be beneficial to the homebuyer. Therefore, we here at Federal Title do our best to keep homebuyers...

To protect your data from being shared with affiliates, opt-out

Written by Nikki Smith on 2018-05-21.

You would be surprised at how many people I meet at the settlement table who have never opted out of their information being shared with their bank’s or lending institution’s affiliates. People often complain about solicitations via mail,...

Assignment of TOPA rights (Tenant’s Opportunity to Purchase Act): Q&A

Written by Nikki Smith on 2018-04-10.

Q: Can TOPA rights be assigned without a contract? A: With our without a contract, TOPA rights can be assigned. Q: How much (consideration) does the landlord/owner need to pay the Tenant to make the assignment valid? A: Most title...

What’s the Benefit of the Maryland First-time Homebuyer Tax Credit?

Written by Nikki Smith on 2018-04-05.

What’s the Benefit? The Maryland First-Time Homebuyer Credit exempts the buyer from paying the State Transfer Tax. Qualifications* All homebuyers must be individuals (cannot be a trust or other entity) who have never owned in the state of...

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Tag: homebuying

DC Tax Abatement Income, Purchase Price Thresholds Increase

Financial assistance for Maryland homebuyers

Buying a home during coronavirus – and closing at a safe distance

Reissue Rates Explained

TOPA: Confused yet?

TOPA: New law is finally here!

5 Things to Know About DC Homestead Deduction

To protect your data from being shared with affiliates, opt-out

Assignment of TOPA rights (Tenant’s Opportunity to Purchase Act): Q&A

What’s the Benefit of the Maryland First-time Homebuyer Tax Credit?

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For Immediate Release: Attorney-facilitated online closings

DC Tax Abatement Income, Purchase Price Thresholds Increase

Without title insurance, new homeowner pays special assessment

For Immediate Release: Attorney-facilitated online closings

DC Tax Abatement Income, Purchase Price Thresholds Increase

Without title insurance, new homeowner pays special assessment