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maryland recordation: Recording Changes - Prince George's County - 06/10/08 08:17 AM
The Prince George's County Office of Finance has issued a notice increasing the State Recordation Tax Rate from $2.20 per $500 to $2.50 per $500 on documents executed after July 5th 2008.  Documents executed prior to July 5th will be accepted at the previous rate of $2.20 per $500 until August 31st 2008. 
Beginning on September 1st 2008 all documents will be taxed at the new rate of $2.50 per $500.
*Make sure you and any borrower debating on closing before or after their 4th of July vacation is aware of the cost difference.
Also, effective July 1st 2008 all documents … (0 comments)

maryland recordation: New Laws - Maryland Emergency Legislation - 04/28/08 10:00 AM
I recently attended a Maryland Association of Mortgage Brokers Town Hall Meeting to review new laws affecting those of us in the mortgage business.  These three bills are considered Emergency Legislation and will take effect in Maryland very soon.  
SB216 alters the recordation requirements for Mortgages/ Deeds of Trust to include the loan originators license number.  Going forward this will allow the source of loans in foreclosure to be traced back to the individual loan originator. Those loan originators that are are the source of to many "bad loans" will be open to investigation.  
For more information on Senate Bill … (3 comments)

 

Chris Breck, Advantage Title Company

Baltimore, MD

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Advantage Title Company - Nationwide

Address: 809 Gleneagles Court, Suite 101, Towson, MD, 21286

Office Phone: (410) 494-0380 x 101

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