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MARYLAND A ATTORNEY OR TITLE COMPANY CLOSING STATE
Investor Friendly Attorneys conduct closings, and Investor Friendly Title companies and there has to be a local attorney involved.
Conveyance is by grant deed, and the deed must state the consideration involved.
Although mortgages are common in some areas, deeds of trust are more prevalent as security instruments. Security instruments may include a private power of sale, so it naturally is the foreclosure method of choice.
Marylanders use ALTA policies and endorsements.
Buyers pay closing costs, title insurance premiums, and transfer taxes.
Property taxes are due annually on July 1st.
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