Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Tax, SDIRAs & Cost Segregation
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 2 years ago,

User Stats

1
Posts
0
Votes
Steven Morgan
0
Votes |
1
Posts

Ground rent escrow after sale

Steven Morgan
Posted

Sold rental property 2 yrs ago that had ground rent. GR holder had not contacted me in 5 yrs. The title company held $1140 in escrow in case the GR Holder made a claim. I was told it would be released back to me in 3 yrs if he didn't.  Friday the title company called and said because of new MD law, they can release the funds now (1yr sooner than expected) and mail a check. Red flag went up when I was told that I needed to cash check as soon as possible. When I received the check it was only $788. As a deduction, it stated -$344 for "refund per MD law change" and -$6 with no explanation. I am assuming $6 is admin fee.  I don't understand the $344. Shouldn't I receive the total amount? Thanks in advance...

Loading replies...