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Real Estate & Property Law

: The Home Equity Theft Reporter

More Confusion Surrounds Short Sales As Maryland Municipality Clips Consumers For Additional Recording Taxes On Forgiven Debt

By r morris

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In Anne Arundel County, Maryland, The Baltimore Sun reports:The real estate industry is up in arms about an Anne Arundel County decision to collect taxes on certain types of home sales based not on what the buyers paid, but on what the sellers owed on their mortgages as the deal was struck. What's at issue are short sales, which are homes that change hands for less - sometimes far less - than the

Full post as published by The Home Equity Theft Reporter on January 24, 2010 (boomark / email).

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