Many are called and few are chosen! Hallmark Abstract Service LLC is one of five Long Island title insurance providers selected for the Long Island Business News Reader Rankings competition. LIBN readers submitted write-in nominations for the firms they believed should be on the ballot. Stay tuned for the voting that will run from May 23rd through June […]
Gameshow Preparation Techniques The following is a great and timely gameshow analogy for our business lives, personal lives and for life in general! Current Jeopardy champion Amy Schneider, with over $1MM in winnings spanning a 28-game victory streak, said this in a New York Times interview… “To be good at ‘Jeopardy!’ you just have to live […]
The article below, written by Audrey Ference at Realtor.com, provides an exhaustive and easily understood look at what title insurance is, why you need it, some of the basic types of policies a homebuyer might buy and more! Of course, some aspects of title insurance will vary from state to state including the cost of a policy. […]
In a lien theory state such as New York, the property buyer/mortgagor continues to hold the deed to the property until the loan is satisfied, or fully paid back to the lender! At that time, a Satisfaction of Mortgage should be recorded. This scenario differs from title theory states in which a Deed of Trust is issued […]
Risk is a small word that covers a large range of issues and scenarios including health, investing, recreation and of course, real estate! One need only look at the stock market futures this morning to understand the often-used phrase of ‘risk-off’ that describes the environment where investors take some money off of the table and sell. At-the-same-time, […]
Does it Matter Which Company Provides the Title Insurance for Your Real Estate Transaction? If you are a New Yorker buying a primary home, a second home or a commercial property, more often than not your attorney will choose the title insurance provider for your transaction. And truth-be-told, the first time you even hear about […]
Update September 10, 2020: A New York judge temporarily blocked a new state rule barring brokers from charging tenants. For now, tenants will once again be paying fees to brokers! The new state of the apartment rental real estate industry in New York City (as of Tuesday), reminds one of the Abbott and Costello routine ‘Who’s […]
Typically a homebuyer will let their attorney take the lead when it comes to the title insurance portion of a purchase transaction! (Updated, January 2020) Similarly those refinancing a mortgage will do the same with their lending institution. And given that the relationship between the attorney or banker and their client is based on trust, […]
Hallmark Abstract Service, Best Title Insurance Company on Long Island! Cast Your Vote For Hallmark Abstract Service LLC in the Bethpage Federal Credit Union Best of Long Island! Voting is quick, easy, very much appreciated and you can vote once every day! Go to: https://lnkd.in/eJdUaeH Click on the Services icon On the left side of the […]
Hallmark Abstract Service is very proud to announce that the firm has been nominated in the Bethpage Federal Credit Union Best of Long Island 2020, Best Title Insurance Company! But, of course, we protect commercial and residential properties across New York State. Voting opens on October 1, and we will share the link then to cast your […]
