Maryland lawyers with offices in Baltimore focused on real estate, business and construction litigation in the state and federal courts of Maryland and the District of Columbia.
Wednesday, September 29, 2010
Ground Rents come out of the shadow and into the light
The deadline for registering ground rents is here! By statute, an unregistered ground rent may not be sued upon or foreclosed if not registered with the State Department of Assessents and Taxation. However, the Anne Arundel County litigation by ground rent owners that are contesting the constitutionality of the statute has left settlement companies and title insurers to continue with the old practice--"escrow three years of payments."
Labels:
escrow,
ground rent