Baltimore ransomware attack on the City's computer system

[Jamal L.]

Hello BP, 

For those that invest in Baltimore city have you had any problems Closing on deals do to the cities recent attack on the cities website?

[David Wandel]

Standard type sales are able to close. Foreclosures and estate sales are not able to close.A responsible party must sign an affidavit that they will be responsible for any water bills, liens, etc that might pop up once their system is back on line.  We have three purchases that have been delayed. 

[Lamont Clark]

I was able to close a standard deal at the end of May, with no problems.

[Ray Slack]

Closed 2 deals the end of may.. Title company made the seller escrow $1,000 because they could not get lien cert from the city.

[Stephanie Hill]

We’re in a similar situation. The title company is planning to collect an escrow from the seller but recommended pausing the settlement until the computer systems are back up. There’s no telling when that will happen so we’re thinking about just asking them to collect a larger escrow (that reflects the things that WERE discovered) and get the affidavit signed for anything else that may pop up.