Fall 2017 Legal Update

PAUGH’S LAWS LEGAL UPDATE: IMPORTANT AMENDMENTS EFFECTIVE OCTOBER 1, 2017
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On Deed Theft

PAUGH’S LAWS CAN YOU SPOT DEED THEFT? HOW DO YOU KNOW WHEN FORECLOSURE ASSISTANCE IS FRAUDULENT? RECOGNIZE THE SIGNS BEFORE YOUR LARGEST INVESTMENT (OR THAT OF A POTENTIAL CLIENT, FORMER CLIENT, RELATIVE, OR FRIEND) IS STOLEN BY TRICKERY.        &n
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Wire Fraud

PAUGH’S LAWS WHAT STEPS ARE YOU TAKING TO PREVENT WIRE FRAUD IN CLOSINGS? DOES YOUR COMPANY MEASURE UP TO INDUSTRY RECOMMENDATIONS? READ BELOW AND DECIDE FOR YOURSELF.         Wire fraud thieves are targeting Frederick County closings. If your
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Deferred Water And Sewer

PAUGH’S LAWS Do You Know the New Disclosure Requirements in Maryland for Private Deferred Water and Sewer Assessments? How to Avoid A Rescinded Contract and Substantial Costs To Sellers.         Our law firm continues to see cases where seller
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Important Regulatory Reminder-Service Recommendations

The Maryland Association of REALTORS (MAR) is disseminating the following information: As reported in the Maryland Association of REALTORS Hot Sheet and the June Maryland REALTOR Magazine, the Maryland Real Estate Commission has adopted a new regulation that will require agents who r
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Withholding Requirements on Sale of Real Estate

        WITHHOLDING REQUIREMENTS FOR SALE OF REAL PROPERTY BY  MARYLAND NON-RESIDENTS If a seller of residential real estate in Maryland is not a resident of this state, and if they have not been so for at least two of the last five years, a payment must be made a
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Are Lenders in Trouble?

QUESTION: I have been reading in the papers that many Lenders are in trouble and are going out of business or unable to fund their loans. I am worried that my Lender will not send the loan money to my settlement. What if I get to settlement and the loan money isn’t there? ANSWER: Yo
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Regional Sales Contract – Amended Paragraph 7

Effective January 1, 2012, the Regional Sales Contract has been amended. The Property Maintenance and Condition Paragraph of the Contract (Paragraph 7) has been changed to remove the previously included warranty as to the condition of equipment, appliances or major systems. This chang
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There’s No Such Thing as a “Rush” REO Settlement

Given the recent surge in foreclosures in Maryland and across the country, it is no surprise that bank-owned (also know as “Real Estate Owned” or “REO”) properties now represent a large portion of the current stock of real estate on the market. While buyers can sometimes get a
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General Assembly Moves to Block Increased Taxes on Short Sales

An emergency bill has been introduced in the Maryland Senate and House of Delegates that would specifically prohibit counties from charging additional recordation taxes on short sale transactions above and beyond those charged on traditional home sales. As I am sure many of you are aw
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Real Estate Title Company in Gaithersburg, MD
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+1-301-590-9300
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177 Kentlands Blvd.
Gaithersburg
MD
20878
USA