Maryland State Government and Public Real Estate News

Baltimore, Md. – February 23, 2015 – (RealEstateRama) — The Hampshire Companies, a full-service, private real estate investment firm with equity in assets valued at over $2.5 billion, in a joint venture with MCB Real Estate, have announced the sale of a 43,884-square-foot, fully leased shopping center located at 901 North Caroline Street in Baltimore, Md. The retail center is anchored by a 19,386-square-foot Save-A-Lot food store. The property was sold to Kodiak Properties, LLC. and Burley Church, LLC. more »

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ANNAPOLIS, Md. – February 10, 2015 – (RealEstateRama) — The Maryland State Department of Assessments and Taxation (SDAT) recently announced the ability for businesses and tax preparers in Maryland to submit annual business personal property returns online. more »

Homebuyers in County Eligible for Significant Rate Reduction, Up to $20,000 in Downpayment Assistance

Hyattsville, MD – November 20, 2014 – (RealEstateRama) — Acting Secretary Clarence Snuggs, Prince George’s County Executive Rushern Baker III and Attorney General Douglas F. Gansler today announced the launch of the Maryland Mortgage Program TriplePlay Initiative in Prince George’s County for potential homebuyers. more »

Infrastructure upgrades will support Kent County jobs, protect public safety and protect Eastern Shore ratepayers

WASHINGTON, D.C. – October 27, 2014 – (RealEstateRama) — U.S. Senators Ben Cardin and Barbara A. Mikulski (both D-Md.) today announced Kent County and the Town of Galena have been awarded $7,308,000 in federal funds through the U.S. Department of Agriculture (USDA) Rural Development to upgrade critical water and wastewater infrastructure. more »

WASHINGTON, D.C. – October 24, 2014 – (RealEstateRama) — The National Association of Home Builders (NAHB) Remodelers named Tim Ellis, CAPS, CGR, MCGP, president of T.W. Ellis LLC in Bel Air, Md., the 2014 NAHB Remodeler of the Year in recognition of his professional remodeling achievements. The announcement was made at the NAHB Remodelers’ gala on Oct. 23 during the Remodeling Show in Baltimore. more »

WESTMINSTER, MD – October 13, 2014 – (RealEstateRama) — ABC’s Shark Tank on Friday, October 3, 2014, saw Maryland native Jay Day of Keller Williams Excellence, side-by-side with real estate magnate Barbara Corcoran.
Corcoran is Shark Tank’s resident real estate mogul and a prominent self-made multi-millionaire. She is now endorsing a select few of the best real estate minds in the country, Day included. Jay Day appeared in a commercial first airing during this week’s episode of Shark Tank and the commercial will repeat in several additional episodes throughout the season. more »

Deputy Secretary Clarence Snuggs Appointed Acting Secretary of Maryland Department of Housing and Community Development

ANNAPOLIS, MD – August 29, 2014 – (RealEstateRama) — Governor Martin O’Malley announced today that Raymond A. Skinner, who has served as Secretary of the Maryland Department of Housing and Community Development since 2007, is retiring at the end of the month and that he will appoint Clarence J. Snuggs as acting secretary effective Sept. 1. more »

$150 million more will be shared by Maryland, 2 other states for consumer assistance and housing relief efforts
BOA and subsidiaries misled state and local pension system investors over securities that contained toxic mortgages

Baltimore, MD – August 21, 2014 – (RealEstateRama) — Attorney General Douglas F. Gansler announced today that multiple governmental entities and pension programs (Maryland and local governments) will share an estimated $75 million settlement secured by his Securities Division from Bank of America (BOA) and its subsequent acquisitions, Merrill Lynch and Countrywide Financial Corporation. Maryland, joined by five other states and multiple federal agencies, reached a $16.65 billion settlement that resolves allegations against the banking and securities giant for unlawfully packaging, marketing, issuing and selling residential mortgage backed securities (RMBS) that contained toxic mortgages. more »

Illegal schemes charge consumers large upfront fees, but offer little help; Firms in Brooklyn, N.Y. and Crofton alleged to have violated numerous Md. statutes

Baltimore, MD – July 23, 2014 – (RealEstateRama) — Attorney General Douglas F. Gansler today announced that his Consumer Protection Division filed lawsuits against two law firms for allegedly operating illegal loan modification schemes that charge consumers large upfront fees, but often do not help them avoid foreclosure or modify their loans. The lawsuits are part of a joint federal-state sweep by the Consumer Financial Protection Bureau, the Federal Trade Commission and 15 states targeting over 30 firms and programs that prey on struggling homeowners or those facing foreclosure. more »

Eligible Maryland Homefront borrowers will get a reduced fee on federal tax credit

CROWNSVILLE, MD – July 1, 2014 – (RealEstateRama) — The Maryland Department of Housing and Community Development announced new initiatives for Maryland Mortgage Program that will make homeownership more affordable – and more accessible – to borrowers who are veterans or active-duty military members. more »

WASHINGTON, D.C. – June 30, 2014 – (RealEstateRama) — U.S. Senators Ben Cardin and Barbara A. Mikulski (both D-Md.)today announced a grant in the amount of $1,334,427 from the U.S Department of Labor (DOL) to provide job training to homeless veterans in Maryland. The grants are being awarded under the Department’s Homeless Veterans’ Reintegration Program, administered by the Veterans’ Employment and Training Service. more »

Waldorf, Md. – June 12, 2014 – (RealEstateRama) — U.S. Senator Ben Cardin (D-Md.), a member of the Senate Finance Committee, convened a gathering of local housing officials, REALTORS and others working to assist Marylanders before and during the foreclosure process. Maryland weathered the national foreclosure crisis by giving homeowners more time to develop strategies to keep their homes, but we currently have the second-highest foreclosure rate in the nation, according to RealtyTrac. more »

WASHINGTON, D.C. – May 28, 2014 – (RealEstateRama) — U.S. Senators Barbara A. Mikulski and Ben Cardin (both D-Md.) today announced that the Town of Emmitsburg has received a $1,000,000 grant from the Department of Agriculture Rural Development (USDA-RD) to upgrade Emmitsburg’s Water and Waste Treatment Plant to include Enhanced Nutrient Removal. In addition to the grant, the project will be funded by a $1,001,000 loan from USDA-RD to the Town of Emmitsburg. more »

WASHINGTON – May 26, 2014 – (RealEstateRama) — Congressman John K. Delaney (MD-6) has published an op-ed on how to rebuild America’s infrastructure in the Hartford Courant with Ronald M. DeFeo, President and CEO of the Terex Corporation, a manufacturing company headquartered in Connecticut. more »

Lawmakers applaud Senate progress on GSE reform, outline principles for Delaney-Carney-Himes proposal

WASHINGTON, D.C. – May 16, 2014 – (RealEstateRama) — Thursday, the Senate Committee on Banking, Housing, & Urban Affairs passed the Johnson-Crapo housing finance reform bill out of committee. The Johnson-Crapo plan uses the Corker-Warner proposal as its base architecture and winds down Fannie Mae and Freddie Mac. more »

AG Gansler Announces Settlement With Property Manager

Pikesville company agrees to return tenants’ security deposits

Baltimore, MD – September 26, 2013 – (RealEstateRama) — Attorney General Douglas F. Gansler announced today that his Consumer Protection Division has reached a settlement with Pikesville-based American Equity Property Management (“AEPM”) and the company’s owners, Boris Peters and Michael Klein, resolving allegations that the property management company improperly held tenants’ security deposits in its operating account instead of a separate trust account. Find a loan officer more »

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