maryland law: You DO need an agent...plain, cold real estate facts.
- 07/12/10 03:47 AM
You think you found the house and the work is over. Not so fast grasshopper. Who is going to assist you in the purchase? The nice agent that you met at the open house said they would help you? Really, do you want "help" or representation? You see, in the State of Maryland, that nice agent can not represent you and the seller. Maryland is one of the states where an agent (note agent, not broker) can only represent one side of the transaction. Please don't get confused with Dual Agency, that is an entirely different matter. What's the big … (5 comments)
maryland law: Understanding Whom the Agent Represents (Maryland)
- 02/26/10 04:12 AM
I don't blame first time home buyers. The amount of information out there about buying a home has got to be over whelming. Think about it, once a first time buyer has garnered the courage to actually speak with an agent, they are setting the stage for more confusion. You see, in Maryland, the law requires that you inform folks of certain information at your first scheduled meeting. You have to be told about whom the agent represents, you have to have dual agency explained and you have to decide whether you want the agent to represent you. These are not … (11 comments)
maryland law: Maryland's O'Malley acknowledges Foreclosure Crisis....Finally!
- 04/08/08 04:27 PM
And then, and then ............along came the Maryland House and Senate.............It's a new ball game in the Free State now........ Foreclosure Process Reform Bill - SB 216/HB 365 (amending Real Property Article § 7-105.1) Signed into Law by Governor Martin O'Malley on April 3, 2008 Effective as to all Foreclosure Filings for Residential Real Property from April 4, 2008
The Foreclosure Process Reform Bill provides important protections for homeowners in the foreclosure process. It affords homeowners more time and notice before and after a foreclosure action is filed right up until the time of sale. It also gives homeowners rights in the process that they did … (4 comments)
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