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Thursday, March 06, 2014

Md high court finds ground-rent law unconstitutional By Timothy B. Wheeler and Jamie Smith Hopkins Baltimore Sun Feb 26, 2014

Md. high court finds ground-rent law unconstitutional

State can't take away ability to seize and sell homes over unpaid ground rents, court rules

http://kevindayhoff.blogspot.com/2014/03/md-high-court-finds-ground-rent-law.html

By Timothy B. Wheeler and Jamie Smith Hopkins, The Baltimore Sun February 26, 2014 http://www.baltimoresun.com/business/bs-bz-ground-rent-court-decision-20140226,0,2243306.story

Maryland's highest court tossed out Wednesday the heart of an ambitious legislative effort to stop homeowners from losing their property over unpaid rent on the ground beneath their houses.

The Court of Appeals ruled that the law violated the rights of "ground-rent" owners by taking away their ability to seize and sell the homes of tenants who don't pay, then keep the proceeds. Allowing owners to bring foreclosure proceedings instead was not a reasonable substitute, the court said.

The decision throws into doubt sweeping 2007 changes to a Colonial-era system under which many homes in Baltimore and around the state sit on ground that is owned by a leaseholder. Homeowners on those properties are legally required to pay rent, usually twice a year, to the holder of the ground rent.

http://kevindayhoff.blogspot.com/2014/03/md-high-court-finds-ground-rent-law.html

Labels: History, Journalists Hopkins Jamie Smith Sun, Judiciary, Judiciary Maryland, Judiciary MD Court of Appeals, Real Estate, Real Estate ground-rent, Real Estate Maryland - See more at: http://kevindayhoff.blogspot.com/2014/03/md-high-court-finds-ground-rent-law.html#sthash.q8YG5Zat.dpuf

Md high court finds ground-rent law unconstitutional By Timothy B. Wheeler and Jamie Smith Hopkins Baltimore Sun Feb 26, 2014

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Monday, February 10, 2014

Excellent business and economics writer Jamie Smith Hopkins reports 1st Mariner Bank to be sold to investors

1st Mariner Bank to be sold to investors - baltimoresun.com

Parent company filed for bankruptcy protection as part of the deal; the bank is not included in that filing

By Jamie Smith Hopkins, The Baltimore Sun 7:12 PM EST, February 10, 2014

http://www.baltimoresun.com/business/money/bs-bz-first-mariner-to-be-sold-20140210,0,3218227.story

Labels: Bus Banking 1st Mariner Bank, Bus Econ Banking, Business Banking, Journalists Hopkins Jamie Smith Sun, People Keidel Mark

The parent company of 1st Mariner Bank said Monday that it has signed a deal to sell the bank after years of regulatory demands that it increase its capital, potentially ending the company's long struggle to right itself after the mortgage crisis.

A group of investors, many with local ties, have agreed to buy the Baltimore bank — the largest based in the region — and recapitalize it with about $100 million.

First Mariner Bancorp, the parent company, said it filed for Chapter 11 bankruptcy protection Monday afternoon in Baltimore federal court to "facilitate the transaction."

[…]

"For four years, the bank has been under a regulatory order that it's been trying to satisfy, and we've reached the finish line," said Mark Keidel, interim president of 1st Mariner Bank. "This agreement … puts the bank on much firmer financial ground — and quite frankly gives us the ability to be back on offense."

Jamie Smith Hopkins: 1st Mariner Bank to be sold to investors

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My http://www.explorecarroll.com/ columns appear in the copy of the Baltimore Sunday Sun that is distributed in Carroll County: https://subscribe.baltsun.com/Circulation/
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Tuesday, April 10, 2012

Homeowners must apply for property-tax credit or lose it by Jamie Smith Hopkins, The Baltimore Sun

Homeowners must apply for property-tax credit or lose it

State launches online feature to show which owners are set

By Jamie Smith Hopkins, The Baltimore Sun April 3, 2012

http://www.baltimoresun.com/business/bs-bz-homestead-application-feature-20120402,0,3243613.story

(Soundtrack editor’s note: Jamie Smith Hopkins of The Baltimore Sun rules – listen to her… I’m just saying…)

Tens of thousands of Maryland homeowners who haven't already applied for the Homestead Property Tax Credit have until the end of the year to do so or lose the often-valuable break.

The deadline was set so long ago — 2007 — that some residents might not remember if they applied. State assessors, hoping to cut down on anxious calls, launched an online feature Monday that notes whether a property's application is in and processed.

"We get such tremendous volume of calls, and one of the unfortunate things is, when people do call … they sometimes get a busy signal," said Robert E. Young, director of the state Department of Assessments and Taxation. "It's so much easier just to go to the website."

The owners of 807,000 homes in the state are getting a break on their property taxes thanks to the homestead credit, which acts as a limit on annual increases. About 150,000 owners haven't sent in their applications, according to the assessments agency.

The statewide homestead program is only for primary residences. It keeps the amount of assessed value a homeowner is taxed on from increasing more than 10 percent a year, with even lower caps in most jurisdictions… http://www.baltimoresun.com/business/bs-bz-homestead-application-feature-20120402,0,3243613.story

Homeowner's experience shows why it's important to pay attention to escrow

Real Estate Wonk: Don't forget to apply for this property-tax break

Top 10 largest homestead tax credits in Baltimore City

Database: Search city tax records for Baltimore properties

Assessment review planned after 2nd error involving consolidated property

Business: Most popular now

Another day, another security breach.

German gummi bear maker aims for bigger share of U.S. market

Homeowners must apply for property-tax credit or lose it

Yahoo products chief leaves company ahead of reorganization

Eight things you might not know about Social Security

Search on The Baltimore Sun website for Homestead Tax Application: http://www.baltimoresun.com/search/dispatcher.front?Query=Homestead+Tax+Application&target=adv_article

Probe of state's veterinarians began with simple question

Assembly OKs bill imposing fines for improper homestead tax credits

Developer Blake Cordish pays city $14,000 after tax error

Mega Millions: What's up with Mirlande Wilson's 'Sweet Swine' cap?

What are your chances of catching a home-run ball today?

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Thursday, December 22, 2011

Lawsuit alleges fraud in real estate transactions

By Jamie Smith Hopkins, The Baltimore Sun

9:04 p.m. EST, December 19, 2011

Several Baltimore-area homeowners are suing the largest residential real estate team in the state, alleging a "scheme of fraud and misrepresentations" involving home purchases, sales and financing.

The suit, a proposed class action, names the Creig Northrop Team, Long & Foster and several mortgage firms — including Long & Foster's Prosperity Mortgage Co. — as defendants.

A similar lawsuit brought against the Northrop team by a Howard County couple was settled in March... http://www.baltimoresun.com/business/real-estate/bs-bz-creig-northrop-lawsuit-20111219,0,1629264.story

Bus Econ 2011, Business Economics, Journalists Hopkins Jamie Smith Sun, Real Estate, Real Estate Maryland, Real Estate property management

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Jamie Smith Hopkins - The Baltimore Sun Real Estate Wonk

Labels: Bus Econ 2011, Business Economics, Journalists Hopkins Jamie Smith Sun, Real Estate, Real Estate Maryland, Real Estate property management

DECEMBER 21, 2011

Most say 'good time to buy,' few say 'good time to sell'

Most Americans surveyed by the group that provides the data for a widely tracked measure of consumer confidence say it's a good time to buy a home -- but not a good time to sell one.

This will probably not come as a shock. http://weblogs.baltimoresun.com/business/realestate/blog/

About Jamie Smith Hopkins

Jamie Smith Hopkins, a Baltimore Sun reporter since 1999, writes about the regional economy. Her reporting on the housing market has won national and local awards. Hopkins is a Columbia native and has lived in Maryland all her life, save for 10 months spent covering schools in Ames, Iowa.
She trained to become a wonk by spending large chunks of time as a geek and an insufferable know-it-all.
• Baltimore Sun articles by Jamie