Sunday, April 14, 2024 | Baltimore, MD

Delays with lien sheets frustrate Baltimore’s real estate industry

February 22, 2023

When Michael Moiseyev left New York City a few months ago to run Baltimore’s finance department, he became intimately aware of a major pain point in the city’s real estate market — delays with lien sheets. Those documents, sometimes called lien certificates or lien certs, show whether a property owner owes money to the city. Moiseyev said he bought a condo in the Inner Harbor, with a nice view and in walking distance to City Hall, but it took a few weeks extra to settle all the paperwork. That was due to a backlog of lien sheet requests that has been frustrating the city’s real estate industry since last fall when a few key retirements turned a typically two-week turnaround time into a seven-to-eight-week ordeal, according to industry professionals.

Article Source: Baltimore Sun

The Morning Rundown

We’re staying up to the minute on the issues shaping the future. Join us on the newsletter of choice for Maryland politicos and business leaders. It’s always free to join and never a hassle to leave. See you on the inside.