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, […]
Is a new lender’s title insurance policy for a mortgage refinance just a way for the industry to make more money? For some who are currently refinancing or who have refinanced a mortgage in the past, this is the exact question that many will ask! After all lender’s title insurance was purchased when they originally bought their property […]
Whether you have bought and financed a home in the past or you are about to embark on your first experience, the Home Loan Toolkit provided courtesy of the Consumer Financial Protection Bureau (CFPB) will serve to be an invaluable tool and resource! If for some reason the Home Loan Toolkit does not load correctly […]
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 […]
For anyone shopping for a new home, the prospect of qualifying for a mortgage is a key component and can often be a concern, a source of high-anxiety and a daunting task! In many areas around the country there’s a scarcity of homes for sale necessitating that potential buyers show the current owner that financing is not […]
An article in The Hallmark Abstract Sentinel yesterday, ‘Tips for negotiating the purchase your first new home!‘, presented some tactics for first-time home buyers to use when trying to negotiate the best price with the selling home owners! But what about some strategies that the current homeowner can use to maximize the value of their house […]
In recognition of a job well done! Beginning today, November 1, 2012, Hallmark Abstract Service will be adding Chicago Title to our group of underwriters available for our clients commercial and residential real estate transactions! This move represents the culmination of 4 years of tireless work by the employees of Hallmark Abstract Service during one of the […]
When someone enters into the process of buying a house or commercial property often their focus will be on couple of specific items! The first of course will be negotiating the best price for the property. This will depend in no small part on whether the real estate market is currently favoring buyers or a […]
If you are buying a residential or commercial property then you are most likely aware that the cost of the property itself aren’t the only costs involved in your transaction! Title insurance, one critical piece of the transaction that is often overlooked by buyers, represents one part of the expense in closing on a property. […]
