A ground rent law was upheld by the Court of Appeals, meaning that ground rent owners can foreclose on a home and get the full amount of proceeds should the ground rent be in default. According to an article by Timothy B. Wheeler and Jamie Smith-Hopkins in The Baltimore Sun, "The Court of Appeals ruled [...]
The Maryland Senate passed a ground rent bill yesterday that would require the owners of ground rents to register them before they would be allowed to collect the money from them. This was in response to the ground rent registration law that was overturned last year, where if the ground rent were not registered by [...]
Ground rent owners have been certified for a class action lawsuit from a judge in Anne Arundel County. This is in reaction to the 2007 ground rent reform laws. Under the old laws, a ground lease holder could eject a tenant, seize the house, sell it and keep the proceeds if ground rent was not [...]
A history of Baltimore ground rents, courtesy of guest blogger, David Kramer of Castle Title. This is the first in a series of three he will be sharing about the reform the Maryland Legislature is putting into place because there are so many Baltimore ground rent issues. Thank you, David! ------------------------------------------- A little over three [...]
There are many ground rent houses in Baltimore. What does this mean? Guest blogger, T Jeremy Loomis, Sales Manager for Wells Fargo Home Mortgage, explains more about Baltimore ground rent homes: What is ground rent (also known as a leasehold estate) and why would I have it? Ground rent is when a fee is paid [...]
Beginning June 13, 2010, the FHA appraisal guidelines for leasehold properties (also known as houses with ground rent) will be changing. Guest blogger, T Jeremy Loomis, Sales Manager for Wells Fargo Home Mortgage, explains what this means for Baltimore ground rent homeowners: Confused on the recent news about new FHA ground rent appraisal requirements? Simply [...]