Agent Alert

Goldstein & Levy, P.A., General Counsel Legal Bulletin November 24, 2014 | Agent Alert Effective Monday, August 18, 2014, the Maryland Real Estate Commission has adopted a new regulation requiring all agents who recommend a service provider in the course of a real estate transaction to VERIFY that the service provider is licensed with the…

Maryland’s New “Automatic Subordination” of Junior Mortgages Law Takes Effect on 10-1-2013

Goldstein & Levy, P.A., General Counsel Legal Bulletin August 29, 2013 | Maryland’s New “Automatic Subordination” of Junior Mortgages Law Takes Effect on 10-1-2013 Maryland has enacted a new “Automatic Subordination for Junior Mortgages” statute will take effect on October 1, 2013. The statute (SB 199, Chapter 205 of the 2013 Laws of Maryland) provides…

Hurricane Sandy May Delay Your Closing

Goldstein & Levy, P.A., General Counsel Legal Bulletin October 30, 2012 | Hurricane Sandy May Delay Your Closing Many (if not most) mortgage lenders will require that homes in FEMA declared “disaster areas” (that includes Maryland and DC) be re-inspected prior to closing. If the home sustained substantial damage lenders may require repairs be completed…

“Phantom” Liability for Condominium and Homeowner’s Association Dues and Assessments Provide Another Reason for Distressed Sellers to Short-Sell Their Homes

Goldstein & Levy, P.A., General Counsel Legal Bulletin April 17, 2012 | “Phantom” Liability for Condominium and Homeowner’s Association Dues and Assessments Provide Another Reason for Distressed Sellers to Short-Sell Their Homes Last April we distributed a legal memo (“Surprised Owners Find That Personal Liability Looms for Unpaid HOA And Condo Fees”) which explained that…