Tag: Transfer or Recordation

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

Written by Federal Title 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...

The cost of buying a home in Montgomery County to increase Sept. 1

Written by Federal Title on 2016-05-27.

Despite protests from the local real estate community, the Montgomery County Council last week unanimously approved an increase to the recordation tax, paid by homebuyers and sellers at closing, as a way to pay for school construction. ...

MoCo Council to consider increase to recordation taxes

Written by Federal Title on 2016-04-21.

The cost of buying a home in Montgomery County may soon increase, as County Council President Nancy Floreen has proposed an increase in the recordation taxes paid at real estate closings as a way to finance school construction. The measure...

What’s the status on B21-0417, aka The First-time Homebuyer Tax Benefit Amendment Act of 2015?

Written by Federal Title on 2016-04-11.

Legislation that would offer tax relief for District residents buying DC real estate is currently under committee review and awaiting scheduling for a mark-up, a spokeswoman for the Council's Committee on Finance and Revenue said. Known...

Big change for Maryland refinances involving non-principal residences

Written by Federal Title on 2013-06-28.

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...

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Tag: Transfer or Recordation

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

The cost of buying a home in Montgomery County to increase Sept. 1

MoCo Council to consider increase to recordation taxes

What’s the status on B21-0417, aka The First-time Homebuyer Tax Benefit Amendment Act of 2015?

Big change for Maryland refinances involving non-principal residences

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