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Application for Maryland Homestead Tax Credit

Yesterday in this blog I wrote about the purpose of the Maryland Homestead Credit and a reader e-mailed me for the application, which is something useful to post in this forum. It is available on-line at this link. To discuss this and other property matters in Maryland, or to ensure your deed is drafted and […]

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Maryland Property Law Attorney: Purpose of the Maryland Homestead Credit

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The Homestead Credit limits the yearly increase in taxable assessments for qualifying Maryland real property. Once the Maryland Homestead Credit is applied the county and municipality must limit taxable assessment increases to 10% or less each year. The Homestead Credit has no impact on the market value of the property, it is simply a cap […]

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Maryland Property Title Transfer Attorney: How to Correct a Deed or Update it Upon Death of the Grantor

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If you have a Maryland property deed that needs to be updated after the death of one of the owners, it may be possible to accomplish this by filing a Maryland Deed of Correction, also called a Corrective Deed. For example if the Grantor originally created a Life Estate Deed giving the Grantees title to […]

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Dorchester County Property Deed Transfer Lawyer: Dorchester County Title Transfer Requirements

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There are several important steps, and decisions made, when properly filing a Maryland property deed and title. There are state requirements and Dorchester County deed filing requirements, specifically: “Dorchester County – Except as provided in RP § 3-104(c)(1) with respect to personal property taxes, RP § 3-104(b)(3) applies to property in: Brookview, Cambridge (plus property […]

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Kent County Deed Transfer Lawyer: Kent County Property Deed Filing Requirements

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There are several important steps and decisions that must be made when properly filing a Maryland real estate deed. Along with the state requirements, Kent County deed filings have the additional requirement: “Instruments transferring title. For any instrument that transfers title and/or effects a change in ownership on the real property tax records of SDAT […]

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Somerset County Property Title Service: Somerset County Property Deed Transfer Requirements

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There are several important steps and decisions that must be made when properly filing a Maryland real estate deed. Besides all of the state requirements, Somerset County deed filings have the additional requirement: “Instruments transferring title. For any instrument that transfers title and/or effects a change in ownership on the real property tax records of […]

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Baltimore Property Law Attorney & Title Service: Understanding Loan Assumption

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“The concept of a loan assumption is quite simple. A buyer of real property assumes the existing financing of the seller/borrower by stepping into the shoes of the existing borrower on substantially the same terms. Prior to considering a loan assumption, however, buyers should understand the advantages and disadvantages, and what they can expect to […]

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Maryland Real Estate Title Services: Ways for Co-Owners to Own Property in Maryland

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There are several ways to take title to property. When more than one owner takes title to property, this is known as a “concurrent ownership interest.” Each co-owner has an ownership interest in the entire property. The three forms of concurrent ownership are Joint Tenants, Tenants in Common, and Tenants by the Entirety. To ensure […]

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St. Mary’s County Property Title Lawyer: St. Mary’s County Property Deed Transfer Requirements

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There are several important steps and decisions that must be made when properly filing a Maryland real estate deed. Besides all of the state requirements, St. Mary’s County deed filings have the additional requirement: “Instruments transferring title. For any instrument that transfers title and/or effects a change in ownership on the real property tax records […]

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Maryland Property Title Service: Howard County Property Deed Transfer Lien Sheet/Certificate Requirement

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Make sure your property deed is filed correctly and not rejected by the county. Besides all of the state requirements, Howard County deed filings have the additional requirement: “County taxes, assessments and charges. Except as provided in RP § 3-104(c)(1)7 with respect to personal property taxes, except as provided in RP § 3-104(c)(4)8 with respect […]

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