Did you know that, according to the IRS, inherited property receives a “step-up” in basis to its fair market value on the date of the deceased’s death? This means that when you sell the property, you’ll only pay capital gains taxes on the difference between the sale price and that stepped-up basis, not the original…
Did you know the way your inherited property was owned affects your selling timeline? “Joint Tenancy with Right of Survivorship” bypasses probate, meaning a potentially faster sale. However, properties held as “Tenancy in Common” or in “Sole Ownership” require probate, adding time to the preparation process. Also, inheriting a property without a will doesn’t speed…
Welcome to another guide, and this time we’ll shift our focus to the legal aspects of selling an inherited house. Did you know that Maryland has an inheritance tax, but it only applies to certain beneficiaries? Lineal relatives (like children, parents, and spouses) are exempt. Keep this important detail in my mind when you are…
Did you know that a foreclosure sticks on your credit report for about seven years? There are a bunch of downsides after being foreclosed but we’re going to help you get rid of the consequences with this guide. From our experience, a foreclosure can be devastating but you can recover from it. It’ll take time,…
Which major city in the U.S. had the fifth-highest number of completed foreclosures (REOs) in 2024? The answer is Baltimore, Maryland but don’t let that statistic scare you – Astute is here to help. We’ve worked with homeowners to stop foreclosure, and we understand the stress you’re going through. In this article we’ll talk about…
In December of last year, the home prices rose to around 10% compared to 2023. This doesn’t mean that finding a place to stay or even buying a house in Baltimore is hard. That said, if you’re planning to sell your house fast to avoid foreclosure (or some other reason), then knowing how to find…
In Maryland, there was a 65% increase in the number of default notices of the first quarter of 2023 since the first quarter of 2022. Now, there hasn’t been any new government document released about the matter but we can fairly say that foreclosure occurs dozens of times per month just in Baltimore alone. In…
So, you’re looking for a way to get your house off your hands. You’re not alone, did you know that there were 553 houses sold in November in Baltimore City alone according to Md Realtor? Now, most of them probably worked with a real estate agent which means that they sold the traditional way. From…
Relocating can be a stressful experience, especially when you’re unsure what to do with your current home. This is a common concern for many families in Maryland, including military families who may face frequent moves. But don’t worry—we’re here to offer solutions! In this blog, we’ll explore your options when it comes to selling your…
Has your Adjustable Rate Mortgage (ARM) reset to a rate you can’t afford? Have you experienced a financial setback? Are you a veteran facing foreclosure in Maryland? Don’t worry—you don’t have to lose your home. In this article, we’ll explore effective strategies to stop foreclosure proceedings, avoid them in the future, and find government assistance, including…
Sell your house as-is (no repairs needed). Pay no closing costs or realtor commissions, and close in as little as seven to 21 days
