Hallmark Abstract Service! We are able to protect supertall buildings in a single transaction across New York State! And, we are expert in protecting single-family homebuyers, commercial property buyers and mortgage refinancers in every real estate transaction that they enter into! Hallmark Abstract Service Is Open For Business And Stands Ready To Serve The New York […]
This article concerning Marketing Service Agreements, or MSA’s, was written by Warren Goldberg, President of Mortgage Wealth Advisors and is being shared with his permission. What is an MSA or Marketing Service Agreement? ‘The residential mortgage origination industry has long used Marketing Services Agreements (MSAs) to establish the terms of certain marketing arrangements. An MSA, written […]
New mortgage disclosure rules or TRID (TILA-RESPA Integrated Disclosures), scheduled to take effect on August 1, 2015, will now be implemented two months later on October 1st! The delay in the implementation of TRID, designed to replace Truth-in-Lending and the Real Estate Settlement Procedures, was mandated because the CFPB (Consumer Financial Protection Bureau) missed a filing […]
At the beginning of 2014 rules went into effect that differentiated between qualified mortgages (QM) and non-qualified mortgages (non-QM)! The purpose of making the distinction between the two was the governments methodology to try and avoid the scourge of the bad loans that helped lead to the 2008 financial crisis. This ‘toxic debt’ that was […]
Title Insurance And YOUR New Residential or Commercial Property? Notice how the word YOUR is capitalized? That’s because the title insurance you buy makes certain that this is so! That said, for some the title insurance that they purchase for their new property is merely one more check that they have to write at the closing table […]
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 […]
