March 2012 – Page 6 – Jay's Real Estate Blog

Grown-Ups Welcome in Wisp's Cardboard Box Derby

By Jocelyn Rubin
| Wednesday, Mar 7, 2012 | Updated 3:16 PM EST

Who ever said that box car derbies were just for kids? Indulge in your childhood fantasy at the annual Cardboard Box Derby at Wisp Resort (296 Marsh Hill Road, Deep Creek Lake, Md.), which is option to all ages.

The event is open to all ages and part of a full weekend of fun at the resort from March 16-18. The derby is Saturday, March 17. Registration begins at 1 p.m and judging runs until 1:30 p.m. Categories for prizes include design, speed and judge’s choice.

“People really go all out for these things,” said event coordinator Rick Schiff. “Some of the designs are fantastic.” In the past, he’s seen a firetruck, a pirate ship and a limo.

Not too shabby, considering participants are limited in building materials to cardboard, tape and string.

More here.

Buying or selling real estate in Garrett County or Deep Creek Lake, Maryland? Call Jay Ferguson of Railey Realty for all of your real estate needs! I take great pride in referrals, and I assure you, I will take great care of your friends, family & colleagues!

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Maryland State Police troopers Broadwater, Farrell honored at McHenry barrack

From Staff Reports Cumberland Times-News

MCHENRY — The Maryland State Police McHenry Barrack has named Sgt. Brian Broadwater as the 2011 Non-Commissioned Officer of the Year and Tfc. Andrew Farrell as Trooper of the Year for 2011. “Sergeant Broadwater’s performance by his subordinates was exemplary,” said Maryland State Police Capt. James Pyles, Western Troop commander. “His group outperformed many other groups in many rating categories. Sgt. Broadwater’s performance during 2011 was also exemplary. He demonstrates excellent time management skills and pays particular attention to detail. This is always evident in his completion of subordinate appraisals as well as reviewing subordinate paperwork. All of the duties and responsibilities assigned to him are punctual and accurate,”

Broadwater was assigned to the Drug Enforcement Command for several years prior to his promotion and has done an outstanding job adapting to the Field Operations Bureau, according to Pyles.

He balances his time between his supervisory duties as barrack tow truck supervisor, hazardous and toxic substance supervisor, ordinance supervisor, health and safety coordinator, personal and vehicle inspection supervisor, supply officer, license plate recognition supervisor and in his spare time he serves as the shift commander, Pyles said.

After graduating from the Maryland State Police Academy in July 2005, Farrell was assigned to the Westminster Barrack in Carroll County. In July 2009, he was transferred to the Frederick barrack and assigned a K-9. He was transferred to the McHenry Barrack in August 2010, where he now works as a K-9 handler. He is the son of retired Trooper Timothy J. Farrell.

“Trooper First Class Andrew Farrell currently is assigned two canines, one a German shepherd drug dog and the other a bloodhound tracking dog,” Pyles said. “He displays exceptional attention to detail in all aspects of his job performance and has provided job knowledge and leadership in drug interdiction efforts at the barrack. He employs excellent investigative initiative and technique when investigating criminal complaints. He demonstrates exceptional ability to identify, analyze and solve every aspect associated with criminal investigations. Most of his criminal investigations are self-generated through his aggressive traffic enforcement.”

In 2011, Farrell spearheaded a five-day criminal interdiction initiative to identify people attempting to further their criminal enterprise while traveling on state roadways in Garrett County. The operation resulted in 44 controlled dangerous substance arrests and four felony distribution cases. Police seized heroin, LSD, mushrooms, marijuana, ecstacy, methadone, numerous items of drug paraphernalia, a large amount of cash and two vehicles.

Farrell is a self-starter who takes initiative in all tasks assigned and assumes responsibility with a take-charge attitude, Pyles said. “His initiative and energy is contagious to the other troopers who work around him and his peers are energetic to work with him. His positive attitude and high level of achievement have a strong impact on his superiors and subordinates alike.”

The 42 personnel assigned to the McHenry Barrack are involved in criminal and traffic enforcement efforts in a partnership with local and federal law enforcement and emergency services agencies. “We are part of a coordinated network of state resources ready to respond in times of crisis and always working to protect the citizens of our great state and Garrett County,” Pyles said.

More here.

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Allegany, Garrett counties would likely be hit hard

Matthew Bieniek Cumberland Times-News

CUMBERLAND — If the proposed doomsday state budget proposals become law, Allegany and Garrett counties would be hit hard.

“The sheriff’s total budget is $2.6 million, you take away $154,000 and that’s two employees with salary and fringe benefits right there,” said Monty Pagenhardt, Garrett County administrator.

The cuts would total millions in Allegany and Garrett counties, hitting police, libraries and schools especially hard, according to information provided by state budget analysts to Sen. George Edwards on Tuesday.

Disparity grants and supplemental disparity grants alone would be slashed by more than $2.5 million. The supplemental disparity grants would be the offset the state paid to counties for one year to limit the impact of shifting half the cost of teacher pensions to the counties, Pagenhardt said.

The regular disparity grants are placed in the county’s general funds and are awarded by the state to counties with low income tax revenues. Allegany County would lose $1.6 million in supplemental disparity grants and $729,851 in direct disparity grants under the proposed budget cuts.

In addition, Allegany County would lose $565,744 in police aid, $76,708 in library aid and $978,816 in per-pupil aid.

The school cuts would be in addition to cuts already expected, said Mia Cross, spokeswoman for the Allegany County Board of Education. “It’s new information that was just received today,” Cross said. If the cuts would go through, it would force the board to re-examine Superintendent David Cox’s budget and make further cuts, Cross said.

There is a chance though, that the doomsday proposal by legislative leaders is more saber-rattling than the real deal.

Delegate Wendell Beitzel hopes legislative leaders may be using the doomsday proposal as something of an attempt to highlight the impact of some of the governor’s proposed cuts. Beitzel remains more concerned about the governor’s plan to shift teacher pensions to the counties. Tax increases, and what they could mean, are also a major concern to Beitzel. Still, Beitzel remains concerned about the doomsday proposal.

“If you look at that (doomsday) budget, it indicates a big loss of funding for Allegany and Garrett counties,” Beitzel said.

“The flush tax proposed by the governor would hit every Marylander,” Beitzel said. The gas tax would hit rural residents especially hard, said Beitzel.

Garrett County would also be hit hard by the proposals. Garrett would lose $406,400 in supplemental disparity grants and $213,127 in regular disparity grants. Garrett would also lose $154,606 in police aid, $11,943 in library aid and $257,891 in per-pupil aid.

“That would be pretty devastating,” said Pagenhardt.

To make up the losses, Garrett commissioners could be faced with choosing deep cuts or a 4.3-cent tax increase on taxable real property to bring tax revenues to the same level as the last fiscal year.

Contact Matthew Bieniek at mbieniek@times-news.com

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Whistleblower says BofA defrauded HAMP

By Jessica Dye

NEW YORK | Thu Mar 8, 2012 8:42am EST

(Reuters) – Bank of America NA prevented homeowners from receiving mortgage-loan modifications under a federal program in order to avoid millions of dollars in losses while benefitting from financial incentives for participating in the program, according to a complaint unsealed in federal court Wednesday.

The suit is the second whistleblower complaint unsealed so far with apparent ties to the $1 billion False Claims Act settlement announced by Bank of America and the U.S. Attorney’s Office for the Eastern District of New York on February 9.

The Bank of America settlement is also part of the sweeping $25 billion agreement reached between state and federal authorities.

Final settlement documents have yet to be filed in the BoA settlement, which the U.S. Attorney’s Office said was the largest ever False Claims Act payout related to mortgage fraud.

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How to Sell a Home When There's a Tenant in It

Written by Michele Lerner

Published March 08, 2012

If you rented out your home to a tenant instead of selling the house during a slow market, you might be ready now to put it on the market. The effort to sell a home can be complicated by the presence of a renter.

While many real estate agents recommend waiting until your lease expires and selling your home without a renter in residence, not all landlords can afford to have their home vacant for a few months during the transition. In addition, local regulations can impact the process of selling an investment property.

“The first thing any landlord should do is to check out the local tenant-landlord rules,” says Patricia Kennedy, an associate broker with Evers & Co. Real Estate in Washington, D.C. “The rules vary from one jurisdiction to another. For instance, in D.C., tenants have the right of first refusal when a home goes on the market and again when an offer comes in.”

Kennedy suggests that homeowners start the sales process by communicating clearly with the tenants and asking if they want to buy the home.

Read more: http://www.foxbusiness.com/personal-finance/2012/03/07/how-to-sell-home-when-theres-tenant-in-it/#ixzz1oXNOVEvp

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Gas drilling study fee debated

By Timothy B. Wheeler, The Baltimore Sun

8:23 p.m. EST, March 6, 2012

A study of how or whether to allow a controversial drilling method for extracting natural gas in Western Maryland cannot be finished without funding, state officials told lawmakers Tuesday.

O’Malley administration officials joined environmentalists in supporting a bill that would pay for their year-old study of hydraulic fracturing by levying a fee on the estimated 150,000 acres leased for gas exploration in Garrett and Allegany counties. Business and oil industry representatives opposed the fee, arguing that it could dampen prospects for drilling to boost the economically depressed region.

The bill, heard by the Senate Education, Health and Environmental Affairs Committee, would raise about $3 million over the next two years by charging gas companies $10 per acre on leased land. Officials said they need perhaps $2 million to finish their study of potential problems and safeguards. Hydraulic fracturing, commonly known as “fracking,” involves extracting natural gas by pumping large quantities of water mixed with sand and chemicals to fracture or break up fuel-containing shale layers deep underground.

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Fracking opponents want fee on land leased for drilling; bill would create $10-per-acre charge

By Associated Press, Published: March 6

ANNAPOLIS, Md. — Opponents of using new hydraulic fracturing drilling techniques in western Maryland joined state officials Tuesday in asking lawmaker to support a fee to fund a study of potential environmental impacts.

Industry officials, meanwhile, turned out in Annapolis to warn members of a Senate committee not to turn away what could be an economic boon for two western counties.

The $10-an-acre fee would apply to lands leased for hydraulic fracturing, a drilling method that extracts the gas by blasting through layers of shale rock with a combination of water and chemicals. The bill would use the fee to pay for a study commissioned by Gov. Martin O’Malley.

Sen. Brian Frosh, a bill sponsor, said the governor has asked a state panel to examine the impacts “but it can’t fully do its work because it doesn’t have the money.”

More here.

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Fracking opponents want fees, warnings

Matthew Bieniek Cumberland Times-News

CUMBERLAND — Opponents of the use of hydraulic fracturing to drill for natural gas in the Marcellus shale of Western Maryland say they want fees to pay for further study of the process and its possible impact and also want those thinking of leasing their land for drilling to be warned of the possible dangers.

Advocates for the fee held a press conference on Lawyer’s Mall in Annapolis on Tuesday, led by Delegate Heather Mizeur, D-Montgomery, and members of the Chesapeake Climate Action Network. Mizeur is a sponsor of House Bills 1034 and 1204, which propose the fees and lease warnings.

The press conference preceded a hearing before the Senate Education, Health and Environmental Affairs Committee on the Senate companion bill on the fees, SB 798.

“Evidence continues to mount that Maryland was wise in its go-slow, study-first approach to shale gas drilling” said Mizeur. “It is up to us to protect our communities and regulate this industry, and the way we do that is through fully funding the study, completing the study and determining whether and how Maryland proceeds on this issue. Second chances are expensive. Maryland needs the time, and the funding, to get this right.”

The fee bill would require payment of a $10 fee per leased acre for gas development to be paid by the company that leases the land for drilling. The fees would be paid into the Oil and Gas fund of the Maryland Department of the Environment, according to the fiscal and policy note for the bill prepared by the Department of Legislative Services. The fees would be retroactive to land leased since Jan. 1, 2007.

Land leased after July 1, 2012, would be subject to an annual $10 fee per acre. The money would fund studies for the governor’s Marcellus Shale Safe Drilling Initiative Advisory Commission. Failure to pay the fee could result in an administrative penalty of up to $10,000 a day. Revenue for the state is estimated at about $1.6 million in fiscal years 2013 and 2014 if the bill should become law.

Garrett County resident Paul Roberts, who is a member of the advocacy group Citizen Shale and a winemaker at Deep Creek Cellars, is also in favor of the bill.

“We should learn from the mistakes we have seen in other states. Maryland has an opportunity to set a national standard for its study and regulation of the industry. These are essential first steps, should drilling be permitted in our community,” Roberts said. Other local speakers included Mike Koch of Firefly Farms and Leo Martin, the mayor of Mountain Lake Park.

“Despite many claims that natural gas is ‘clean,’ recent research shows us that the fracking process leaks copious amounts of methane into the atmosphere, which has more warming power than carbon dioxide,” said Mike Tidwell, executive director of the Chesapeake Climate Action Network. “Given the climate risks alone, it’s absolutely crucial that the General Assembly fund the work of the fracking commission.” Tidwell said as much as one-third of the land in Garrett County has been leased for gas drilling. It’s unclear what percentage of that number is for Marcellus shale gas drilling.

The move to impose fees is a “common sense” idea to fund baseline studies of the environment before drilling begins. Such studies weren’t done in Pennsylvania and have resulted in inability to evaluate whether water problems were caused by fracking or whether they existed before fracking, Tidwell said.

The risk disclosures, required by HB 1034, would prohibit a person from signing a lease unless “specified language as to the risks of drilling is provided to the lessor and stated conspicuously in the lease,” according to a digest of the bill on the General Assembly’s website. “Failure to provide the risk information … may be grounds for the denial of a well drilling permit.”

The law on risk disclosure would cost about $59,300 to monitor the first year, primarily because of hiring a paralegal to review leases, according to a fiscal and policy note attached to the bill by the Department of Legislative Services.

Contact Matthew Bieniek at mbieniek@times-news.com

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Help the Red Cross so it can help those who are in need

To the Editor: Cumberland Times-News

March is Red Cross Month. It is a time to recognize the work done by the American Red Cross here at home and in communities across the country and around the globe — and to remember how we depend on public support to help people in need.

Thanks to support from individuals, organizations and businesses in Allegany, Garrett and Mineral counties, the American Red Cross is able to respond to disasters both large and small; help members of the military, veterans and their families; provide blood for those in need and teach lifesaving skills.

Just over the past seven months, the Red Cross has helped 26 families from Western Maryland and Mineral County who were the victims of area disasters — mostly home fires.

Each September we have co-chaired the region’s largest fundraiser for the Red Cross — The Deep Creek Lake Art and Wine Festival. Every year the proceeds go directly to help victims locally and to the rest of the nation’s nearly 70,000 disasters a year by providing shelter, food, emotional support and other necessities to those affected.

The 8th Annual Art and Wine Festival is in September, but we believe in the Red Cross every day of the year. Red Cross Month is the perfect time for you to become a part of our mission and help people in need by making a financial donation, volunteering, giving blood or taking a class. Volunteers are also needed to help at the festival on Sept. 8. Disaster can strike anyone at any time. Please help.

Paula Yudelevit

McHenry

Vianne Bell

Oakland

More here.

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How to Negotiate a Lower Home Price

Written by Donna Fuscaldo

Published March 07, 2012

A home is the biggest purchase most Americans will make in their lifetime, so getting a good deal matters.

While playing hardball to get what you want at the price you want, you risk over negotiating and being left empty handed. Here are five tips to secure the home of your dreams without breaking the bank.

Keep Emotion Out. Experts advise treating a home purchase as a business transaction, and avoid getting emotionally attached to a home which eliminates any leverage during negotiations.

Read more: http://www.foxbusiness.com/personal-finance/2012/03/07/how-to-negotiate-lower-home-price/#ixzz1oXMnmQBx

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Month: March 2012

Grown-Ups Welcome in Wisp's Cardboard Box Derby

Maryland State Police troopers Broadwater, Farrell honored at McHenry barrack

Allegany, Garrett counties would likely be hit hard

Whistleblower says BofA defrauded HAMP

How to Sell a Home When There's a Tenant in It

Gas drilling study fee debated

Fracking opponents want fee on land leased for drilling; bill would create $10-per-acre charge

Fracking opponents want fees, warnings

Help the Red Cross so it can help those who are in need

How to Negotiate a Lower Home Price

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