DUAL ALERT for Mortgage Debt Forgiveness Tax Relief
Federal Alert, ACTIONS NEEDED for both House and Senate: Without immediate action by Congress, distressed homeowners will have to pay taxes on forgiven debt, also known as phantom income. Urge both the House and Senate to extend Mortgage Debt Forgiveness Tax Relief here today.
USDA Update Response to Rural Lending Delays
See updated, official response from USDA to 2014 MAR President Russ Boyce
per Senator Mikulski's outreach. In USDA's response letter, dated September 24th, Administrator Hernandez states, "To mitigate processing time delay in Maryland, additional staff is temporarily assigned to assist with this effort."
Lead Paint Law Changes for Pre-1978 Rentals FAQ
Are you a property manager or owner of pre-1978 residential rental units? Click below to read the Frequently Asked Question (FAQ) document regarding the new lead paint law changes taking effect January 1, 2015.
New Regulation for Recommended Service Providers Effective August 18th
- The new regulation regarding real estate licensee "service recommendations" is now final and will take effect August 18, 2014. If you choose to recommend service providers, the Real Estate Commission has indicated that it is reasonable for you to verify license status of contractors at least once a year.
A Must-HAVE for Successful REALTORS® on the Go
Engaged REALTORS® are naturally on the go and so should be your advocacy tools. Now they are! Simply text APP
to receive the download link for the REALTOR® Action Center mobile app, empowering you to take action on an important REALTOR® issue from anywhere, anytime. Once downloaded, login to
FEMA Flood Rate Relief Effective May 1
Effective May 1, 2014, all
buyers of older properties (“pre-FIRM”) will see a premium rate reduction
under the Homeowner Flood Insurance Affordability Act of 2014.
SB 850 Prevails within Minutes of Sine Die at Midnight
SB 850, protects the housing and financial markets from an investor scheme that attempts to use state and local governments' condemnation
authority -- also know as eminent domain -- from seizing performing, underwater mortgages or deeds of trust. This bill passed within minutes of Sine Die at Midnight...
The Long Awaited Dog-Bite Bill Passes both Houses
After three attempts to reach a consensus regarding Maryland's controversial dog-bite law, Maryland's 2014 Dog-Bite Bill (SB247/HB73), has passed both the House and the Senate and will be sent to the Governor for signature.
Realtors® Oppose Federal Tax Plan to Limit Mortgage Interest Deduction
Earlier this week, House of Representatives Ways and Means Committee Chairman Dave Camp (R-MI) released his long-awaited plan to reform the federal tax system. NAR president Steve Brown expressed the association’s strong opposition and extreme disappointment in a statement released shortly after the proposal was unveiled...
MAR Comments on Re-Proposed QRM Regulation
Read MAR’s comment letter from President Russ Boyce on the Re-Proposed QRM/Risk Retention Regulation, citing better protections for both investors and borrowers without the explicit
down payment requirement.