Bernstein & Feldman, P.A.

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And Representation For Over
30 Years

April 2016 Archives

A short sale poses risks for the unwary buyer

Many real estate agents have seen the joy their buyers feel at finally finding the home of their dreams quickly change when they are told the property is a short sale. There are homeowners throughout Maryland who are selling property for less than the amount owed on the mortgage. As in other parts of the country, real estate professionals refer to these types of real estate transactions as short sales.

Superintendents may be prevented from making personal appeals

Each year, Maryland school superintendents travel to the state capital in order to make personal appeals for needed funds for school construction projects. The annual event, colloquially known as the "beg-a-thon", has been criticized by some as being overly politicized by members of the Board of Public Works for their own agendas.

Property market might benefit from MetLife's new status

U.S. insurer MetLife plays a significant role in commercial real estate lending, and according to experts, the firm's redesignation by a district court could see it becoming even more involved. As part of the 2010 Dodd-Frank Act, MetLife was deemed a systemically important financial institution, or SIFI, along with companies like GE and AIG. In the spring of 2016, courts decided that the company is no longer important enough to qualify as an SIFI under the too-big-to-fail legislation. Maryland developers could see their chances at receiving financing increase as a result.