“Time Is On My Side” – When a “Time of the Essence” Closing Date Keeps Rolling Like a Stone for 60 Days Over the weekend Hallmark Abstract Service was the sponsor of a 16-credit CLE class that was headed-up by real estate attorney Vince Gallo of Staten Island. Much time was spent during which he […]
In light of the CLE that Hallmark Abstract Service sponsored this weekend titled ‘Uncovering the Landmines Buried Deep in the New York Residential Real Estate Contract‘ that was hosted by attorney Vincent J. Gallo, we offer the article below authored by attorney Michele Cea of the firm Cea Legal, P.C. titled ‘The Attorney’s Role in […]
On its surface hiring a bilingual attorney in any specialty of the law, let alone real estate, may seem like nothing more than a luxury and not necessarily a pressing urgency! After all real estate, like politics, is local. This means that in any given market, or even neighborhood and street within that market, the need for […]
If you or someone you know is buying residential or commercial property wouldn’t reducing the closing costs be a very good thing? Well you are legally entitled to try! When you sit at a real estate closing table with your attorney as the purchaser of a piece of real estate, at least in New York, […]
Commercial mortgage recording tax refund in New York State! I was meeting with a CPA on Friday who described a program in New York State that exists but that is not well advertised by the state for obvious reasons. It applies only to commercial mortgages but the bottom line is that it provides for a mortgage recording tax refund […]
Happy Halloween from your friends at Hallmark Abstract Service! Click to enlargeClick if you have the nerve!
In a real estate transaction both the buyer and the seller need to collect a lot of stuff! There is nothing greater than the anxiety surrounding a real estate transaction for the buyer and for the seller. In order to help alleviate some of the dread entailed in the process, it would be helpful if […]
If you have heard anything about the foreclosure crisis, you’ve heard about MERS! This video discusses some of the background of MERS, the Mortgage Electronic Registration System. With over one half of the nations mortgages “held” in its database, MERS is at the center of the controversy surrounding foreclosures. http://media.nbcnewyork.com/designvideo/embeddedPlayer.swf
@font-face { font-family: “Cambria”; }p.MsoNormal, li.MsoNormal, div.MsoNormal { margin: 0in 0in 10pt; font-size: 12pt; font-family: “Times New Roman”; }div.Section1 { page: Section1; } Protecting your investment being purchased within the foreclosure crisis maze As we discussed through the example we gave in the article on Saturday of a denied title policy, it is critical for […]
Foreclosures, REO’s (real estate owned) and auctions on the courthouse steps have one thing in common: A critical need for the buyer to make sure that they can get clear title, owner’s title insurance (owner’s policy) and, in the case of an auction on the courthouse steps, to ascertain beyond a reasonable doubt that the […]
