BTC News Bulletin - May 25, 2016 |
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ALERT - INCREASE IN MONTGOMERY COUNTY TRANSFER TAX
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THE MONTGOMERY COUNTY STATE RECORDATION TAX, one of three transfer taxes assessed on Deeds recorded in Montgomery County, is set to increase dramatically this year!! According to Jim Cosgrove, the Chairman of the Maryland Land Title Association, the bill is likely to take effect on September 1, 2016.
PLEASE NOTE, THIS DATE IS NOT CONFIRMED. We are not certain whether the County Executive has signed the bill! Stay tuned for more as we receive it!
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DO YOU HAVE EXPERIENCED INVESTORS looking for acquisition and/or improvement loans? Brennan Title works with a number of Hard Money Lenders with financing available! Most are 6 month term, and will fund purchase price plus closing costs if the investor is able to demonstrate funds for restoration! Interested? Call 301-661-9693 for more information.
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IF YOU HAVE A TITLE PRODUCERS LICENSE and want to affiliate with a Title Company that can handle your complete processing, disbursing and recording services, consider Four Seasons Title! CALL TOLL FREE 844-889-8826.
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Please feel free to contact me at any time by e-mail or phone at [email protected] or 301-261-8177 - my direct line.
Sincerely,
John M. Brennan, Esq. President Brennan Title Company Phone: 301-261-8177
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