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Real Estate & Property Law

: The Home Equity Theft Reporter

County Backs Down On Imposing Deed Recording Taxes On Debt Forgiveness In Short Sale Transactions After State AG Weighs In

By r morris

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In Anne Arundel County, Maryland, The Baltimore Sun reports:Anne Arundel County said it will no longer tax short sales on more than a home's purchase price, reacting to an opinion from the Maryland attorney general's office Wednesday that the practice isn't supported by state law. Richard Drain, the county comptroller, said Anne Arundel will collect recordation tax on the sales price, rather than

Full post as published by The Home Equity Theft Reporter on January 29, 2010 (boomark / email).

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