2020 Pennsylvania Title Insurance Notice
Effective May 1, 2020, title insurance endorsement costs, as recommended by the Title Insurance Rating Bureau of Pennsylvania, will increase. All flat rate endorsements currently less than $250.00 will double. Flat rate endorsements currently between $250.00 and $500.00 will increase …
City of Pittsburgh Realty Transfer Taxes
On January 1, 2020, the local realty transfer tax assessed on real estate conveyances in the City of Pittsburgh increased to 4.0%; meaning the aggregate realty transfer tax assessed on conveyances in the City is 5%. You will pay an …
Considering Purchasing a Condo Unit But Worried About Financing?
Have you considered purchasing a condominium unit but were scared off when someone warned you that obtaining a mortgage loan could be difficult? It seems like most real estate professionals have war stories about seemingly qualified buyers being unable to …
Warning to Real Estate Buyers and Sellers in the City of Pittsburgh
On February 1, 2018, the local realty transfer tax assessed for real estate conveyances in the City of Pittsburgh will increase one-half of one percent from 3.0% to 3.5%; meaning the aggregate realty transfer tax assessed on conveyances in the …
Changes to the PA Uniform Planned Communities Act and the Uniform Condominium Act.
Governor Wolf recently signed into law House Bill No. 1340 of 2015 which amends both the Uniform Planned Communities Act and Uniform Condominium Act. The two statutes are complementary and have substantially similar provisions. The current bill makes the same …
City of Pittsburgh adopts Riverfront IPOD
On June 6, 2016, City of Pittsburgh Mayor William Peduto signed legislation enacted by City Council amending the City of Pittsburgh Zoning Code by establishing a Riverfront Interim Planning Overlay District (“IPOD”). The Riverfront IPOD affects two “zones” of property …
Pennsylvania Title Insurance Notice
Effective May 1, 2016, title insurance premiums and endorsement costs, as recommended by the Title Insurance Rating Bureau of Pennsylvania, will increase by 12% across the board. This increase applies to both the sale and non-sale rates. For example, the …
