On December 2, 2016 Hallmark Abstract President Michael Haltman wrote an article concerning the significant new mortgage recording fees set to be imposed by Suffolk County, New York! In the article Haltman opined that the new fees represented ‘an egregious money grab and as regressive a tax as has been seen in some time! And, by some […]
Update December 7, 2016: The new fee discussed below has been passed by the Suffolk County legislature per the County website… $300.00 per document MORTGAGE VERIFICATION FEE effective January 1, 2017 Suffolk County, New York has announced a new fee that will be required to record certain mortgage and mortgage-related documents! To this observer, this seems to be […]
Question: Shouldn’t the non-title insurance premium fees charged by your title company be as affordable as your health insurance premiums were supposed to be? Of course they should but, much like health insurance costs post-the Affordable Care Act, things unfortunately aren’t always as they were meant to be or should be! So Congresswoman Pelosi, What […]
Everything you always wanted to know about the CEMA (Consolidation Extension and Modification Agreement) but may not have known to ask! While commonly used in commercial real estate transactions, the CEMA or Consolidation Extension and Modification Agreement can also be used by residential real estate buyers and mortgage refinancers to save money on their closing […]
