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Now that I am all moved into the house, there were a million things to do in the house. The first priority in the house was to change the door locks. This may be a ridiculous task, but who knows how many people have keys to the house. I was just walking out of my [...]

After 45 days including a delay, I am officially a homeowner. I closed on my townhouse in Baltimore City and came to the stark realization that there wil be no more rent money paid to the man. It definitely is a wonderful feeling and the responsibility of making this my first home has become real. [...]

I was supposed to close on my house on March 8th and we were pushed back by the lender for 2 weeks due to an issue of the ground lease in Baltimore City. As more and more news about the subprime lending being cracked down upon, it slowly trickles into the legit companies. My agent [...]

It’s getting down to the wire now and there are still a few things that we need to round up before sitting at settlement. I recently received my gift letter from my mom and the money was received. I will then have to go to the bank and get a cashier’s check to bring to [...]

So you paid your taxes already and you made a mistake on your taxes that may affect your refund, it’s time to fill out the 1040X. Luckily, this form is really short and quite simple, especially, if you have a copy of TurboTax or TaxCut. I forgot to deduct my student loan interest this year [...]

If you don’t know what ground rent is, then you have finally come to the right place. The interesting thing in a lot of cities is that the ground that the property sits on is not owned by you. This dates back to the mid 1800′s. My ground rent is approximately $75/year and the owner [...]

I have a little over 2 weeks before I close on the house. There are so many things that need to be rounded up prior to closing. One of which was the appraisal. I really hate the way that they appraise the house. Some say this and others say this. This is all dependent on [...]

I had to quickly call a few companies for homeowner’s insurance. There are few critical numbers that you need to get ebfore calling for a quote. In Maryland, online quotes are not available so you will have to speak with a CSR (customer service rep) to get a quote. Here is what I discovered.

After 2 summers and this winter of looking, I have finally purchased my first home. It took a little time find my home, but it is finally done. I put in a bid two days ago and the seller accepted it. I bid 19K below the asking price and got it. I am now in [...]

In the light of recent events of buying a home, I was thinking about taking some money out of my Roth IRA to pay down some of the closing costs. I was reading on the web and there are a few simple rules to avoiding the 10% penalty for early withdrawal and taxes. Technically, you [...]