Sold in Odenton Maryland’s Lions Gate Neighborhood!

542 Greencrest Lane in Odenton Maryland

542 Greencrest Lane, located in the Lions Gate community of Odenton, Maryland, was recently sold by Jerry Kline, Realtor, Keller Williams Flagship of Maryland. The home sold in four days for $11,000 more than the asking price.

542 Greencrest Lane, located in the Lions Gate community of Odenton, Maryland, was recently sold by Jerry Kline, Realtor, Keller Williams Flagship of Maryland. The home sold in four days for $11,000 more than the asking price.

Congratulations to my seller clients, Jo Ann & Robert King, on the sale of their townhome in Odenton’s Lions Gate community, located five minutes south of Fort Meade, Maryland. The home, featuring three finished levels, a two-level deck and a quiet location in the back of the neighborhood, sold in four days for $11,000 more than the asking price. There were multiple bids submitted by interested parties.

Sold as a fixer-upper, the new owners will be replacing the carpet and appliances and repainting much of the interior. The home includes three good-sized bedrooms, two-and-a-half baths, a fenced yard and a stone patio.

Thanks for all your help and patience through the home sale process, Robert and Jo Ann!

If you or someone you know needs help buying or selling a home in the greater Annapolis/Baltimore/Washington, D.C. area, call Jerry Kline, realtor with Keller Williams Flagship of Maryland today! (443) 924-7418

Congratulations David & Isabella on Your New Tanyard Springs Lennar Home!

Jerry Kline, right, realtor with Keller Williams Flagship of Maryland, celebrates with David and Isabella White, following the purchase of their new-construction Lennar home.

Jerry Kline, right, realtor with Keller Williams Flagship of Maryland, celebrates with David and Isabella White, following the purchase of their new-construction Lennar home.

David and Isabella White and their four young children faced a daunting move from Florida to accommodate David’s new job at Ft. Meade, Md. Not knowing where to turn for help, they enlisted me as their buyers agent earlier this year. We spent time visiting a wide variety of properties in the greater Anne Arundel County area. In the end, David and Isabella settled on a Lennar new-construction home in the Glen Burnie community of Tanyard Springs.

We were able to get the Whites a fully upgraded, quick move-in Patriot single-family model for an incredibly low price. Tons of closing help from the builder, too!

If you know someone moving to the central Maryland area and needs help finding a place to live, have them give me a call. I’d be happy to help them, too!

Congratulations Brandon on the Purchase of Your New Investment Property!

Brandon Crawford, left, and Jerry Kline, realtor with Keller Williams Flagship of Maryland, celebrate Brandon's purchase of a new residential investment property in Baltimore City.

Brandon Crawford, left, and Jerry Kline, realtor with Keller Williams Flagship of Maryland, celebrate Brandon’s purchase of a new residential investment property in Baltimore City.

Brandon Crawford buys distressed residential properties in Baltimore City, then updates and renovates them. Some he keeps as rental properties and some he re-sells to others. Brandon recently enlisted me to help him with the purchase of 3110 Wolcott Ave. in Baltimore’s Forest Park neighborhood. Having just closed the sale a few days ago, Brandon’s already hard at work gutting and rebuilding the 90-year-old structure. Thanks, Brandon, for choosing me as your Buyers Agent!

Congratulations on Your New Home, Peter & Naomi!

Jerry Kline (l), realtor with Keller Williams Flagship of Maryland, with buyer clients Peter & Naomi Crellin. Jerry recently helped the Crellins purchase a 104-year-old Victorian restoration project in Bowie, Md.

Jerry Kline (l), realtor with Keller Williams Flagship of Maryland, with buyer clients Peter & Naomi Crellin. Jerry recently helped the Crellins purchase a 104-year-old Victorian restoration project in Bowie, Md.

Peter & Naomi Crellin were searching for a historic property they could put a lot of love and hard work into, to bring back to life. Just a block or two from the old Bowie train station, we found the perfect, 104-year-old Victorian they were hoping for. The Crellins recently settled on the home and have already started restoring it. Thank you, Peter & Naomi, for allowing me to help you with this fun and rewarding project!

Class-Action Lawsuit Against Creig Northrop Real Estate Team Underscores Consumer Protections for Home Buyers, Home Sellers

Scales of Justice

 

 

 

 

 

A large class-action lawsuit recently certified against Maryland’s Creig Northrop Real Estate Team serves as an excellent reminder of the consumer protections afforded to home buyers and home sellers under the federal Real Estate Settlement Procedures Act (RESPA).

RESPA, enacted by Congress in 1974, is designed to protect consumers from unscrupulous practices in the real estate industry. Its chief purpose is to help consumers become better shoppers for real estate settlement services and to eliminate kickbacks and referral fees that unnecessarily increase the costs of closing a transaction.

Among other things, the act prohibits kickbacks between lenders and third-party settlement agents in the settlement process.

The lawsuit, filed in 2013, alleges that The Creig Northrop Team P.C. and others received more than $500,000 in illegal kickbacks from Lakeview Title Co. Inc. over a period of years. The class certified by the court in January includes all purchasers who engaged the services of The Creig Northrop Team and a defendant title insurance company from Jan. 1, 2008, until the present.

The number of home buyers and home sellers included in the class of plaintiffs is potentially huge. The Creig Northrop Team P.C. is affiliated with Long & Foster Real Estate Inc., and was ranked second in the country last year and first in 2012 in the amount of real estate transaction volume handled.

Under RESPA, service providers in a real estate transaction must provide a variety of disclosures to their clients. (See http://portal.hud.gov/hudportal/HUD?src=/program_offices/housing/rmra/res/respamor#HD) Certain disclosures must be made at the time of loan application, before settlement occurs, at settlement and after settlement.

Also important for home buyers and home sellers is the Affiliated Business Arrangement Disclosure. This disclosure is required whenever a settlement service provider involved in a RESPA-covered transaction refers the client to a provider with whom the referring party has an ownership or other beneficial interest.

The referring party must give this disclosure to the client at or prior to the time of referral. The disclosure must describe the business arrangement that exists between the two providers and give the borrower an estimate of the second provider’s charges.

Except in cases where a lender refers a borrower to an attorney, credit reporting agency or real estate appraiser to represent the lender’s interest in the transaction, the referring party may not require the consumer to use the particular provider being referred.

For more information on the case (Patrick Baehr et al. v. The Creig Northrop Team P.C. et al.)), see http://www.inman.com/2014/02/25/top-producing-long-foster-team-facing-class-action-respa-suit-over-alleged-kickbacks-to-title-insurance-agency/

 

Jerry Kline is a Realtor with the Odenton, Md., office of Keller Williams Flagship Realty (1216 Annapolis Rd., Odenton.) For more information on the local real estate market, contact him at (443) 924-7418, or visit his blog (www.JerryKlineRealtor.wordpress.com) or website (www.JerryKline.kwrealty.com).

 

Congratulations Matt & Alison on the Purchase of Your New Home!

Jerry Kline, Realtor with Keller Williams Flagship of Maryland, celebrates with Matt & Alison Pavan on the purchase of their new home in Gambrills, Md.

Jerry Kline, Realtor with Keller Williams Flagship of Maryland, celebrates with Matt & Alison Pavan on the purchase of their new home in Gambrills, Md.

 

 

 

 

 

 

 

Congratulations Matt & Alison Pavan on the purchase of your new home! The first-time homebuyers settled last Friday on their perfect rancher in the Four Seasons section of Gambrills, MD. Thanks for being such great clients and for choosing me for your real estate needs!

The Tilkens Purchase Their New Home with Jerry Kline!

Realtor Jerry Kline, left, of Keller Williams Flagship of Maryland, celebrates with Gary and Jackie Tilkens on the purchase of their new home.

Realtor Jerry Kline, left, of Keller Williams Flagship of Maryland, celebrates with Gary and Jackie Tilkens on the purchase of their new home.

 

 

 

 

 

 

 

 

 

 

Congratulations to Gary and Jackie Tilkens on the purchase of their new home with Jerry Kline, Realtor with Keller Williams Flagship of Maryland!

What did the Tilkens like best about working with Jerry Kline? “Constant contact. Easy to get ahold of,” they said. “Thank you for all of your hard work!”