Changing Nature of Maryland Indemnity Deeds of Trust (IDOTS)

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For decades, commercial real estate lenders and their developer customers have used a particular financing technique to minimize payment of Maryland's steep recordation tax on mortgages. As of July 1, 2012, however, new legislation imposes the recordation tax on any indemnity mortgage or indemnity deed of trust (commonly called an “IDOT”) which secures debt of $1 million or more.

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