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Market Conditions in 21217 : Real Estate Advice

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  • Local Info0
  • Home Buying1
  • Home Selling2
  • Market Conditions5

Activity 5
Sun Feb 3, 2013
Jessica Hood & Laura Roskelly answered:
Hi Maximus,

This can be easily and quickly accomplished as long as the title compay has access to the information on who holds that ground rent. Shouldn't be a problem.
0 votes 4 answers Share Flag
Mon Apr 16, 2012
Growner answered:
I would appreciae any referrals for collecting and searching. Thanks!
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Mon Mar 5, 2012
Candice Titus answered:
My understanding is that the ground rent owners have no responsibility for the property and that it is the responsibility of the home owner. I do know that any citations to the property in Baltimore City are the responsibility of the owner.

Baltimore County has a program in place that allows home owners to make repairs to/replacement of sidewalks. The cost is covered upfront but a payment plan is arranged so that the home owner can pay the cost back over a certain period of time. This may be true for Baltimore city as well. Hope that helps.

Candice Titus
... more
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Wed Jun 9, 2010
Gerard Dunn answered:
No - you are the owner of the property. The ground rent gives you all rights and interests to the property - including the repair.

Did you know that for a fee you can BUY OUT the ground rent lease?

Good Luck!

Gerard Dunn
Licensed in MD, Virginia and D.C.
... more
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Tue May 5, 2009
Mary answered:
Just an update - I was just officially rejected in my application for refinancing my current mortgage because of the ground rent on the property. So there are consequences. I will now try to redeem my ground rent and then have to start fresh with a new re-financing application. ... more
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