Tag: Legislation

Maryland first-time homebuyer state transfer tax exemption: Denied!

Written by Federal Title on 2011-04-18.

If you are purchasing a home in Maryland as a “first-time homebuyer,” and you intend to take title in the name of your revocable trust, or another type of entity, you can forget about realizing the benefit of the Maryland First-Time Homebuyer...

Buyer beware with DC foreclosure addendums

Written by Guest on 2011-01-13.

Homebuyers of foreclosed properties in the District should think twice when signing a sales contract with release or waiver provisions in it, as it’s highly unlikely that any title insurance underwriter will agree to insure the transaction. In...

Added oversight means added expense for homebuyers

Written by Guest on 2011-01-05.

Increased regulation on the title insurance industry will take a bite out of the wallets of homebuyers and refinancing homeowners in the District of Columbia in 2011. Added oversight will likely amount to added fees and less room for negotiation,...

D.C. foreclosure moratorium surprises title industry

Written by Guest on 2010-11-22.

Last week, the DC City Council enacted “Saving DC Homes from Foreclosure Emergency Amendment Act of 2010” (the “Act”). The Act will be effective for 90 days but may be extended by permanent legislation. The Act was...

Consumer costs increase with RESPA reform

Written by Guest on 2010-09-14.

As is often the case with newly implemented “consumer protection” regulations, the consumer ends up paying more. Today’s mortgage borrowers can expect to pay more as a result of this past year’s RESPA reform, according to a recent study by...

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Tag: Legislation

Maryland first-time homebuyer state transfer tax exemption: Denied!

Buyer beware with DC foreclosure addendums

Added oversight means added expense for homebuyers

D.C. foreclosure moratorium surprises title industry

Consumer costs increase with RESPA reform

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