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Property Q&A in 21206 : Real Estate Advice

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  • Home Buying11
  • Home Selling2
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Activity 3
Sat Jun 28, 2014
Audrey Felts answered:
I looked up the history of this property in my MLS and the history shows no activity of the property since being sold in 2000. The tax records show an individual owns this property. If you have any other questions I may be able to help you with, do not hesitate to ask. ... more
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Mon May 12, 2014
talitha3 asked:
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This question was asked from this property: http://www.trulia.com/homes/Maryland/Baltimore/sold/1571621-3731-Rueckert-Ave-Baltimore-MD-21206
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Mon Aug 31, 2009
Cher Varnum-Glenn answered:
Hello Tonifem30! There is a formula that is used to redeem ground rent. It is an algorithym that was developed to do so. Apply the numbers and voila, you have a redemption price. In the 21206 zip it would be worth your while to redeem the gr. rent while you are doing the refinance. Make sure though, that the refinance is really worth doing since you think you might sell in a year. It usually takes 18 months or longer to regain refinancing costs from the monthly savings.
Helpful information on ground rent redemption in MD can be found at this URL:

http://www.dat.state.md.us/sdatweb/ground_rent.html

You might have to cut and paste. Good luck! Cher
... more
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