Blog Real Estate
First, let me establish my bona fides. Like you, I hate banks. They are evil creatures that should never be allowed to do business in this great land of ours. So, like you, I was filled with joy when the various state attorney generals reached a $25 billion settlement with ... More
One day your next door neighbor approaches you and asks you for a right-of-way over your property for a driveway to her house. Should you say, yes, no, maybe or I don’t know? As with most legal issues, the answer is “it depends” In this case it depends on the ... More
On Sept. 2, six days before the statute of limitations would have run, the Federal Housing Finance Agency (the “FHFA”) sued 17 of the world’s largest financial institutions claiming they committed fraud in the sale of nearly $200 billion in mortgage investments to Fannie Mae and Freddie Mac. The lawsuit ... More
In today’s business environment, personal guaranties are becoming the industry standard for negotiating a commercial lease. Landlords typically require a small business owner and his or her spouse in their individual capacities to sign personal guaranties as a term and condition for entering into a commercial lease. Prior to doing ... More
Simply stated a “short sale” occurs when a homeowner sells his or her home to a buyer for a purchase price that does not provide the homeowner enough funds to pay off his or her mortgage(s). Such sales cannot occur without the consent of the homeowner’s bank or lender to ... More
Last week the Board of County Commissioners of Frederick County, Maryland amended the County’s Rehabilitated Vacant Commercial Structures Tax Credit to change the qualifying criteria for the tax credit. The amendment modified the qualifying criteria for commercial property owners and removed the Sunset Provision for the Ordinance. For further information relating ... More
Most folks purchasing homes will use a standard form contract provided by the real estate agents. These form documents have been reviewed and revised by numerous attorneys and real estate professionals over a long period of time. The form contract has also grown in size and complexity over the years ... More
Why should Frederick-area real estate companies, investors and entrepreneurs care about REITs? Anyone whose real estate holdings are increasing in number and value should care about a REIT, or real estate investment trust. A REIT is an investment vehicle first created by Congress in 1960 to make investing in large-scale real estate ... More
Every residential landlord probably knows what a security deposit is, but not all know the intricacies of Maryland laws governing the collection and retention of security deposits. Nor do all residential landlords understand fully their potential liability for breaking those laws. Here is a quick test to help you assess ... More
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