First off, may 2008 be a great year for all! Business is important, but health and happiness is the most important thing.
We here at www.MarylandCommercialTitle.com and www.MylesTitle.com found 2007 to be a very exciting place to be. Not only did we launch two (2) new Internet portals, but we began our Blog, which creates a […]

In the 2007 Special Session, the Maryland General Assembly enacted the Tax Reform Act of 2007 which resulted in changes in the income tax law that provides for withholding requirements on the sale or transfer of real property by a nonresident individual or a nonresident entity. The changes go into effect January 1, 2008.
Sale or […]

According to a special report from the National Association of Realtors green building is no longer considered an option in commercial buildings, but viewed as a requirement because much of corporate America has already embraced sustainability.
At least 70% of the corporations in the Business Roundtable, nearly all of which are Fortune 1000 members, have made […]

According to an article in the New York Times, the amount of tax evasion committed by real estate partners is huge, amounting to billions of dollars of potential tax revenues lost every year.
Jerry Curnutt, a former specialist in partnerships for the Internal Revenue Service made the claim even though the means for detecting such evasion […]

The Daily Record reports that Baltimore property owners whose properties are sold for taxes may soon be paying less in fees in order to redeem them.
Baltimore Judge Evelyn Omega Cannon set $1,300 or $1,500 as a reasonable amount for attorneys’ fees in a normal tax-sale case following consideration of 14 of approximately 4000 cases filed […]

According to the Baltimore Sun, Columbia’s master developer plans to lower the estimated market value of its remaining, unsold residential lots in the Howard County community in response to the overall real estate slowdown that is affecting commercial properties as well.
General Growth Properties Inc. expects to write down by $77 million the market value of […]

Several market benchmarks corroborate fears that a five-year run of escalating prices for commercial real estate ended in August for all but a handful of U.S. markets.
Monthly returns for a national index of commercial properties posted a negative 0.8% in September, the first monthly decline since November 2006, Standard & Poor’s reported on Dec. 18 […]

Accordding to local Maryland real esate and tax experts – in a recent piece published in the Maryland Daily Record – there may be higher taxes in store for real estate parnterhips in the near future. 
On Nov. 9, the U.S. House of Representatives passed a bill that will increase taxes on the gains reaped by real estate developers […]

Is this a precursor of things to come? According to the Maryland Daily Record, the nation’s fourth-largest home builder is being sued for $10 million by a partnership of local developers:

MTBR LLC, composed of Columbia’s Manekin LLC, Clark Turner Signature Homes of Belcamp, and Baltimore’s H&S Properties.
MTBR, LLC filed a complaint  against Fort Worth-based D.R. Horton Inc., in […]

The Baltimore Sun reported that the more than 700,000 Maryland property owners who will receive property tax bills this month should know about a little-known change in the state’s tax laws that makes signing up necessary to getting a break on those taxes.
The new law, which took effect on October 1, was designed to keep […]