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Tag: real estate

First-time homebuyer tax credit clarification

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Since November of 2009, when Congress extended the First-time Homebuyer Credit, I have conducted a few hundred real estate closings and have heard a lot of misinformation being shared among real estate agents, mortgage lenders and homebuyers. The...

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Releasing a mortgage lien

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A lien is a legal claim against property that must be satisfied when the property is sold. The lien provides notice that the bank has a secured interest in the property and guarantees the bank that the property cannot be sold or transferred...

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A must-read for condo parking space owners

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A condominium is governed by the Condominium Declaration. This document is recorded at the Land Records for the jurisdiction in which the condominium is located and sets the rights and obligations of the unit owners of the condominium association....

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What is the Maryland homestead tax credit?

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In Maryland, if you meet the requirements and file an application, you may receive a discount on your real property taxes. In this article I will discuss the minimum requirements to qualify for the Maryland Homestead Tax Credit, how to fill...

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