Title Insurance: An often misunderstood, and potentially not understood at all, product purchased by buyers of residential and commercial property in New York that will protect them in what very well could be the largest financial transaction of their lives! The short explanation is that title insurance is ensuring that the buyer of property is […]
For most of the 12+ years that Hallmark Abstract Service has been providing title insurance for New York State residential and commercial real estate transactions, we have been writing articles and using other means such as social media, to educate the consumer about what is often the unknown ‘commodity’ of title insurance! We have placed ‘commodity’ […]
In a lien theory state such as New York, the property buyer/mortgagor continues to hold the deed to the property until the loan is satisfied, or fully paid back to the lender! At that time, a Satisfaction of Mortgage should be recorded. This scenario differs from title theory states in which a Deed of Trust is issued […]
Don’t lose the war by paying too much for your title insurance! CONGRATULATIONS! You just bought the New York home of your dreams! Unfortunately, you paid more than you wanted to. DON’T compound the issue by paying too much for your title insurance! Title insurance is not all the same and the cost to buy […]
3 Often Overlooked Expenses in Home Ownership Perhaps your family has outgrown the small apartment you’re currently renting, or maybe you want to expand your already thriving collection of vacation properties. Whatever your reason might be for purchasing a new home, it’s important to ready your bank accounts for this major undertaking. Recent months have […]
The Role of Hallmark Abstract Service is Straightforward! Straightforward in terms of the end result leading to a title insurance policy, but in the age of coronavirus the process has most definitely required a greater degree of creativity due to business and governmental closures along with the need for social distancing! As a title insurance […]
The real estate industry in New York, severely impacted by coronavirus and facing darkness with pain all around*, has been working its way through an environment left to us by global pandemic like none ever witnessed before! In the absolute depths of the coronavirus crisis and with the New York economy basically closed, Construction projects on […]
Is Your Title Insurance Firm Making You Happy? If Not, Why Not Think About Trying One That Will! Introducing, Hallmark Abstract Service! Of course you currently have relationships with title insurance providers, but has the honeymoon ended? And while you may feel that because the process isn’t particularly broken, why look to fix it, these are […]
Update December 26, 2019: The decision from the New York State Appellate Court has reversed Judge Rakower’s second ruling. Regulation 208 has been reinstated. However Judge Rakower’s decision regarding Closers and ancillary fees still stands. Headline July 5, 2018: The New York State Title Insurance Industry Takes On The New York State Department Of Financial Services In […]
During the 2018 World Cub the perennial soccer giant Argentina sat on the ‘brink of elimination, desperately needing both a Plan A AND a Plan B! Speaking to the strategy being employed by Argentina’s coach Jorge Sampaoli, an article in The New York Times had the following to say, ‘…There was no plan B, to be used […]
