Real Property - Partition of Property - Liens and Purchase Price Adjustments
What this bill does
Requiring a party to a partition action to timely notify the court of the type and amount of each outstanding lien on the property if the plaintiff does not procure a title report; altering the calculation of the purchase price for the interest of a cotenant by subtracting the amount of outstanding liens owed on the property from the value of the entire parcel; requiring the court to adjust the purchase price for the interest of a cotenant based on certain costs and income from the property; and applying the Act prospectively.
Analysis reads the bill text, the fiscal note, and the witness list. It is generated by Claude and reviewed by nobody, so check the source documents before you rely on it.
Testimony (9)
MGA witness list| Position | Witness | Organization | Testimony |
|---|---|---|---|
| FAV | DeMinco, Lynne | BCRW | Position only |
| FAV | DiPaula, Anthony | Law Offices of Anthony J. DiPaula, P.A. | Oral |
| FAV | DiPaula, Anthony | Law Offices of Anthony J. DiPaula, P.A. | Written (PDF) |
| FAV | Delegate Reilly, Delegate Reillylegislator | Individual | Oral |
| FAV | Delegate Reilly, Delegate Reillylegislator | Individual | Oral |
| FAV | Reilly, Teresa | Individual | Written (PDF) |
| FAV | Reilly, Teresa | Individual | Oral + Written (PDF) |
| INFO | O'Connell, William | MSBA Real Property Section | Written (PDF) |
| INFO | Vormelker, Will | Maryland Judiciary | Written (PDF) |