REMOVING A PARTY FROM TITLE, MARYLAND

01/13/2010 16:09

It was a curious day in that I took 3 calls from different people all of whom wanted to removed a party from title. In response to their inquiry as to the cost involved I explained to them that there would be a fee for our services as well as the fees for transfer taxes and stamps.  All of these people were stunned to learn that the deed removing a party from title would be considered a "transfer of title" and as such would be subjected to transfer taxes.

In Maryland that is a substantial sum of money.

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