montgomery county: Montgomery County, MD Shortsales Impact on Recordation and Transfer Taxes - 01/31/10 06:26 AM
Maryland Attorney General Doug Gansler's office released an advice letter on January 27th as to whether a county has the authority to assess recordation taxes on debt of a "short sale" seller of real property that is forgiven by the lender.  
Attorney General Gansler discussed this letter that states, "While not expressly prohibited, it is my view that the counties do not have the authority to include debt forgiven by the seller's lender in calculating the consideration on which the recordation tax will be calculated."  
Several counties in Maryland had recently started charging recordation and/or transfer taxes on the unpaid principal balance … (1 comments)

montgomery county: Add Something Green to the Yard and Your POCKET! - 01/11/10 05:08 AM
Calling all Bethesda, Kensington and Chevy Chase Residents...
The Montgomery County Planning Department has launched a tree planting program, Leaves for Neighborhoods, to increase the county's tree canopy on residential property. Partner with the county by planting shade trees in your yard - with help from a $25 coupon when you buy a tree with a retail value of $75 at participating nurseries. Click here for the coupon.
For more information go to:  http://www.montgomeryplanning.org/events/leaves/
 
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montgomery county: Where did all of the For Sale signs go? - 10/23/09 07:51 AM
Another month and the overall number of available Single Family homes in Montgomery County is down 6.3% from last year this time. Though this is discouraging to many buyers...especially those that are trying to settle by November 30th to take advantage of the $8000 tax credit, the good news is that there has been an increase in the number of homes going under contract (37.8%) as well as those that are settling (6.9 %).
This is great news for Sellers! Inventory is at a historic low as well as interest rates. This creates more demand than ever for your home. There … (8 comments)