News/Blogs
January 22, 2018
UPDATE ON DELAWARE NON-RESIDENT WITHHOLDING REQUIREMENTS. The Division of Revenue will no longer allow non-resident sellers to defer calculating the taxes.
November 21, 2013
Important Delaware Real Estate News! The Delaware Real Estate Commission has released the new Seller's Disclosure of Real Property Condition Report forms that go into effect December 1st, 2013.
August 30th, 2013
Maryland enacted a new "Automatic Subordination for Junior Mortgages" statute will take effect on October 1, 2013.
May 31st, 2012
UPDATE: Fannie and Freddie Transfers
May 22nd, 2012
Important Change to Recordation Taxes in Maryland
May 7th, 2012
Fannie and Freddie Transfers Now Subject to New Castle County Transfer Tax
May 7th, 2012
Strict Liability for Pit Bulls in Maryland for Pet Owners and Landlords
February 16th, 2012
Town of Elsmere Terminates It’s First Time Homebuyer Program
February 7, 2012
AUTOMATIC RESIDENTIAL MORTGAGE FORECLOSURE MEDIATION PROGRAM IN DELAWARE
Delaware law now mandates mediation for all residential mortgage foreclosures filed on or after January 19, 2012, for primary residences. A lender, before proceeding with a foreclosure, must give notice of available mediation to the homeowner and must participate in the mediation. The homeowner is not required to participate in the mediation, and if the homeowner does not participate in the mediation then the foreclosure may proceed without the mediation. The goal of the new law is to compel more homeowners and lenders to come to the table and agree on modified terms to try to avoid some of the foreclosures occurring in Delaware.
February 7, 2012
Delaware Civil Union and Equality Act
The Delaware Civil Union and Equality Act of 2011 went into effect on January 1, 2012, which amends Title 13 of the Delaware Code relating to civil unions. Among the many legal protections and benefits for same-sex couples who enter into a recognized civil union under this law, is the opportunity to hold title to real property as tenants by the entirety.
December 22, 2011
What is a Delaware Series LLC? We are sometimes asked about “series limited liability companies” and their use and application in Delaware real estate transactions. The attached article explains what they are and why they are not (yet) commonly used.
February 3, 2011
MARYLAND WITHHOLDING TAX UPDATE!
The real property withholding rate for nonresident individuals in Maryland has dropped from 7.5% to 6.75%.
October 14, 2010
As most of you know, Bank of America, PNC and many other large lenders and servicers are halting all foreclosures due to the “robo signing” problem. What you may not know is that they are also halting the sale of their REO properties.
October 13, 2010
The Delaware Real Estate Withholding Tax goes into effect in less than 90 days! This is something that Delaware Realtors really need to know.
July 21, 2010
The Kirsh Law Firm, along with APGFCU and Millennium Brokers/Clark Turner, is hosting this month's Cecil County Board of Realtors Card Exchange.
July 8, 2010
ATTENTION DELAWARE REAL ESTATE AGENTS. Delaware Withholding Taxes are now a reality.
July 7, 2010
SCAM ALERT. At least 2 Cecil County realtors were targeted for a scam in which an out-of-the-Country buyer (both times purportedly based in Canada) agrees to buy a property.
June 14, 2010
ATTENTION MARYLAND REAL ESTATE AGENTS! Starting October 1, 2010, a contract for the sale of residential property (1 to 4 units) must include a notice.
June 14, 2010
If you are in the real estate business in New Castle County, then you probably know that the County's records on building permits for basements, decks, and other minor improvements constructed in years past are somewhat light.
April 14, 2010
Delaware Real Estate Withholding Taxes are one step closer to reality!
April 5, 2010
The Obama Administration’s guidelines on foreclosure alternatives go into effect today, April 5, 2010.
March 16, 2010
**Real Estate Witholding Taxes Coming to Delaware?** Delaware officials have been circulating a proposed bill that would require non-residents to pay a witholding tax upon the sale of Delaware real property.
March 15, 2010
**USDA Loan Program** USDA recently announced that its popular loan program will likely run out of funds by April.
March 13, 2010
The Federal Tax Credit for Home Buyers Expires April 30!
March 11, 2010
**SHORT SALE ALERT** New federal Home Affordable Foreclosure Alternatives ("HAFA") guidelines go into effect April 5.
