Short Sale Tax Update for Anne Arundel and Montgomery Counties — is Baltimore County to Follow Suit?

January 9th, 2010

Starting immediately, Montgomery County and Anne Arundel County in Maryland will be collecting transfer taxes on the UNPAID BALANCE OF THE MORTGAGE on short sale properties INSTEAD OF the sales price. Derek Massey, President of Mid-Atlantic Settlement Services, reported this information on his company's blog yesterday. This could mean a difference of a lot of [...]