An Owner’s Title Insurance Policy is your best protection against potential defects that can remain hidden despite the most thorough search of public records
When you buy a home, or any property for that matter, you expect to enjoy certain benefits from ownership. For example, you expect to be able to occupy and use the property as you wish, to be free from debts or obligations not created or agreed to by you, and to be able to freely sell or pledge your property as security for a loan. Title insurance is designed to cover these rights you bargain for.
Your home is where your heart is -- and it is also likely one of your most important investments. A home warranty offers resources to help you maintain your home and keep home systems and appliances running smoothly.
If you are a nonresident who owns and is selling or transferring real property and associated tangible personal property in Maryland, you must make a tax withholding payment to the local Clerk of the Circuit Court or the Maryland Department of Assessments and Taxation (SDAT).
For a nonresident individual, the payment is 7.5% of the total property sale payment made to the individual. A nonresident entity must make an 8.25% payment.
For additional information on the Homestead Tax Credit visit the Maryland State Department of Assessments and Taxation website.
You will find the application to fill out on the web page or call 410-761-4881.