SockaSockaSock

SockaSockaSock t1_iydkwcf wrote

Reply to comment by Sivla-Alegna in Mortgage Lender Recommendations by Sivla-Alegna

Just to add to what others have said - it’s a historical thing in Baltimore that is very common. You just pay a small amount twice a year but as a matter of Maryland law the other party doesn’t have any real rights or anything over the land as long as you pay. You also have a statutory right to redeem it so you own the whole property in fee simple, but it’s usually cheaper to just pay the ground rent (and your mortgage company is generally the one paying it for you out of your payments).

Some non-local lenders have problems with it though because to them it seems similar to buying a home built on leased land, which is often the kind of thing they won’t finance, but they may not tell you that until pretty far in the process.

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SockaSockaSock t1_iu92va8 wrote

Reply to comment by raeXofXsunshine in Ever felt unsafe walking along the streets of Baltimore late at night? by agentxstealth

My understanding is that generally speaking you’re more likely to be the victim of a crime in cities, but you’re usually more likely overall to be killed by external factors in rural areas. This is because rural areas have far more fatal car accidents, drownings, animal attacks, etc. So if the goal is just avoiding death you’re usually safer in cities (though not sure if this holds true for cities with higher than average homicide rates like Baltimore).

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