Friday, January 29, 2010

More Short Sale Taxation News: PG County "Undecided" in how they will handle

While Anne Arundel County announced earlier that they will assess recordation taxes on sales price, Prince George's County has not yet decided on the matter.

An email from the Prince George's County Association of REALTORS® states that:

The Finance Director, Michael Dougherty, communicated with PGCAR by phone late yesterday (Thursday 1/28/10). He is suggesting that REALTORS® and title professionals who have settlements pending over the next several days contact him directly to negotiate the tax. Mr. Dougherty offered his direct line, 301-952-4013. PGCAR recommends that REALTORS® and others print the attached Attorney General opinion and make contact with Mr. Dougherty as he suggests.

We will continue to keep you posted on this issue....