Tag Archives: New York City real estate

Financing Commercial Real Estate, May Get More Difficult Down The Road!

Is commercial financing about to get more difficult?   Listen to the podcast episode that offers a potential solution!   Delinquencies on the Rise!   According to Trepp, considered the industry’s largest commercially available database of securitized mortgages, the CMBS delinquency rate rose in December for the first time in 18 months!   In a […]

Hallmark Abstract Service Proudly Presents the Do You Ever Wonder? Podcast, Hosted by CEO Mike Haltman

What do you wonder about? We all have questions that we very much plan on getting the answers to, but because our lives get in the way often never get around to finding out! We can hopefully help! By popular demand, Hallmark Abstract Service is very proud to announce the creation of the Do You […]

The Hallmark Abstract Service Newsletter, January 28, 2021

In this issue of the Hallmark Abstract Service Newsletter, the firm’s CEO Michael Haltman is interviewed by the CEO of Casandra Properties on the Casandra Properties podcast! In a fast-moving discussion the topics move from real estate in New York, the title insurance a buyer needs to obtain, charity events of different types and the combat […]

New York Homebuyer, Attorney or Real Estate Agent? Calculate Title Insurance Costs, On Demand, With The Hallmark Abstract Service App!

Calculate  New York Title Insurance Costs at the Very Beginning of a Transaction, Using The ‘GET A QUOTE’ App in the Lower Right-hand Corner of the Hallmark Abstract Service Website!  You can also install our app on your phone to access a title insurance quote anywhere, and in realtime (contact info@hallmarkabstractllc.com for details). In A New York State […]

What a Buyer of Residential Real Estate in New York City Needs to Know About the Process! (Andrew Luftig, CPL LLP)

With little to no Spring real estate selling season in New York City due to coronavirus, many experts believe that the Phase 2 economy, coming soon, will open the floodgates to an insatiable demand from homebuyers and investors! But at the same time the potential for a repricing of NYC real estate, due to a […]

Mortgage Shopping: Ten Questions You May Have For Your Mortgage Loan Officer!

Money tree for borrowers

  With the 10-year treasury crossing below .75% this morning, potential homebuyers and those on the fence about refinancing may hop off, and pursue a mortgage loan! In other words, with rates at current levels are banks and other lending institutions offering borrowers the opportunity to basically ‘pick money off of the proverbial money tree’? […]

What Are Air Rights, and What Do They Mean for CRE Developers and Investors? by Matt Frankel

Tutorial about air rights

The phrase air rights, depending on who you you’re speaking with, conjures up various thoughts and opinions over exactly what they are! There is of course the environmental and aviation context, but for the purposes of this article we speak of the ability for a developer to build a building to a certain vertical height. One can possess air rights […]

Buying a Property in New York? Remember You Have the RIGHT to Choose Your Title Insurance Provider!

Who is providing your title insurance in New York

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 […]

July 1, 2019 New York State and New York City Real Estate Transfer Taxes Slated to Rise!

New York State real estate transfer tax and New York City mansion tax

July 1st the New York State Department of Taxation and Finance will be imposing an increase in the state real estate transfer tax and mansion tax in New York City!  The NYS transfer tax increase will affect residential property sales above $3MM and all other property types sales above $2MM. the increase will be $2.50 per […]

Title Insurance, Consumer Protection And Beating A Dead Horse!

horses photo

Over the years Hallmark Abstract Service has strived to educate the real estate buying community in New York about what they need to know about the title insurance they will be purchasing in the course of their commercial or residential transaction!  The firm has written many articles that stress some of the critical title insurance issues that they, […]