Tag Archives: banks

32 mortgage tips for first-time home buyers!

In the scheme of lifetime acquisitions few are filled with more angst and anxiety than the purchase of real estate! And, when it’s the first purchase, that anxiety level can increase by at least a factor of two! In many ways anxiety comes from feeling out of control and unsure about what the future will […]

Current and historical residential mortgage rates! (Chart)

title insurance, New York,New York City,Long Island,Michael Haltman

Follow @Hallmark Abstract Service Mortgage rates for residential property typically do not fluctuate wildly on a day-to-day basis but, as the charts and graphs below show, over time they most certainly can! Over the past 52-weeks mortgage rates have moved in a range of over 100 basis points, or 1%, in all categories other than […]

Short sale activity slides due to the cost of uncertainty! (Chart)

title insurance, New York,New York City,Long Island,Michael Haltman

Follow @Hallmark Abstract Service What happens if the debt forgiveness in a short sale becomes ordinary income? If the difference between the short sale price and the amount that is owed on the mortgage ever  became ordinary income for the already strapped homeowner, short sale activity will grind to a halt. This is a scenario that could potentially […]

What is a Zombie Foreclosure? (Infographic)

title insurance, New York,New York City,Long Island,Michael Haltman

Follow @Hallmark Abstract Service A Zombie Foreclosure is simply a house currently in the foreclosure process that sits vacant having been abandoned by the owner and not yet taken back by the lender! Most of us have driven by homes we suspect are long-abandoned, are being foreclosed, that typically will be neglected, have very possibly […]

Update: Is Bitcoin coming unglued?

Follow @Hallmark Abstract Service It was only 10-days ago in an article here, ‘Bitcoin and real estate transactions! (Video)‘, we posited that Bitcoin at some point could become a standard and accepted currency to use in real estate transactions! Now, however, turmoil has struck this decentralized non-currency store of value as two major players in […]

Watch Federal Reserve Chairwoman Janet Yellen testify live before Congress!

title insurance New York and Long Island

For anyone involved in industries such as real estate and lending that rely on stable interest rates and therefore future Fed policy by extension, this testimony by Federal Reserve Chairwoman Janet Yellen will likely be of interest! For anyone else who has a mortgage, may want to borrow money at some point in the future, […]