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 [...]
Those Ground Rent owners who did not register their properties with the government will not have those ground rents automatically extinguished, according to a ruling by the Court of Appeals yesterday. According to the Baltimore Sun article reporting on the issue: In a 5-2 decision issued Tuesday, the Court of Appeals held that the provision [...]
A bill signed into law by Governor Martin O'Malley on May 8, 2007, stated that all Ground Rents in the state of Maryland needed to be registered by September 30, 2010 or the ground rents would be at risk to be nullified. On June 18, I wrote about a class action lawsuit that was certified, [...]
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 [...]