Real Estate Information Archive

Blog

Displaying blog entries 1-3 of 3

Happy New Year - 2011 - From The John Collins Real Estate Group

by John Collins, REALTOR

HAPPY NEW YEAR TO ALL OF OUR CLIENTS, CUSTOMERS, FRIENDS AND FAMILY!

May 2011 bring you Good Health, Happiness and Make all of your dreams come true.

Happy New Year! - The John Collins Real Estate Group

Maryland Ground Rent Legal Bulletin

by John Collins, REALTOR

 

Are Unregistered Ground Rents Extinguished After September 30th 2010?

 

On May 8, 2010, Governor O'Malley signed into law Chapter 290, HB 580 entitled "Ground Rents- Registry of Properties Subject to Ground Leases" (the "Act") which provides for the creation of an on-line registry for properties subject to ground rents and requires that all ground rent owners register their ground rents with the MD State Department of Assessments and Taxation ("SDAT") by September 30, 2010.  The Act further provides that if such registration is not timely made the ground rent will be extinguished by operation of law and the ground rent will no longer be payable.  In addition, the Act allows for a leasehold property owner to apply for and receive a ground lease extinguishment certificate from SDAT following the failure of the ground rent holder to register, which certificate may be recorded in the land records.

 

A legal challenge to the Act has been asserted in a case filed in Baltimore City entitled Charles Muskin vs. State Department of Assessments and Taxation (Case No. 4C10004437). The basis of the challenge is that the Act, which provides for the unconstitutional take (of a property right) without due process of law.  As a result of this pending litigation, it is uncertain whether the extinguishment of ground rents provided for in the Act will be upheld and several title insurers have indicated that they will not insure that any such unregistered ground rents are extinguished until such time as the litigation has run its course and final ruling has been made by the courts.  

 

Thanks To Andy Levy, Attorney - Capitol Title For The Timely Update.

 

NEW LISTING - 5 Spa Creek Landing

by John Collins, REALTOR

 

5 Spa Creek Landing #A3

Waterview Loft Home in Shearwood/Eastport

PROPERTY DETAILS
$545,000
LISTING INFORMATION
MLS: AA7490751
Bedrooms: 2
Full Baths: 2
Half Baths: 1
Sq ft: 1453
Lot Size: N/A
Style: Contemporary
Heat Source: Electric
Taxes: $6803.00
PROPERTY DESCRIPTION

NEW LISTING - 5 Spa Creek Landing #A3 Annapolis, Maryland 21403 - AA7490751- $545,000.

The Ultimate Annapolis Lifestyle. Maintenance free living at its best. Enjoy tranquil waterviews from this spacious 2 Bedroom 2.5 Bath loft home. Cathedral ceilings accent the open and airy feel of this unit. Spacious living space w/fireplace opens to deck overlooking Spa Creek. Loft master bedroom suite includes full bath and walk in closet. Community amenities second to none. Gated entry, tennis,WF pool.. For more information and to schedule your tour, please call John Collins at 410-224-4999/410-693-6000 or e-mail him at johncollins@mris.com.

John Collins
John Collins Group
410-224-4999/410-693-6000
johncollins@mris.com

Long & Foster Real Estate, Inc.
108 Old Solomons Island Road #U4
Annapolis, Maryland 21401

ADDITIONAL IMAGES
 
 
 
 
 
   
 
 
 
 
 
 
 
 
 

Displaying blog entries 1-3 of 3

Contact Information

Photo of John Collins, Realtor Real Estate
John Collins, Realtor
JohnCollinsGroup of Long & Foster Real Estate, Inc
108 Old Solomons Island Road - U4
Annapolis MD 21401
Office: 410-224-4999
Cell: 410-693-6000
Fax: 410-224-4032 Email: John@JohnCollinsGroup.
John Collins, Realtor
 Office: 410-224-4999 * Cell: 410-693-6000
www.JohnCollinsGroup.Com
 of Long & Foster Real Estate, Inc.   
Office: 410-224-4999 Cell: 410-693-6000 Fax: 410-224-4032
Email -
John@JohnCollinsGroup.com
108 Old Solomons Island Road, Suite U-4
Annapolis, Maryland 21401

We will never sell or divulge your email address to any vendor or other organization.

The finest compliment I can receive is a referral from a friend, client or colleague. If you know of someone thinking of buying or selling real estate, I would appreciate an introduction.  Please be assured I will extend them my highest degree of service and professionalism. John Collins, Realtor