Category Archives: real estate

Homebuyer Financing…Is The Best Rate Or A Clear To Close The Most Critical Aspect Of A Borrowers Loan?

apples to apples photo

Shopping for the best price is something we all do whether for a car, a pair of shoes, a new home and, very likely, a mortgage for that new home! For potential homebuyers the ultimate endgame is to find the property of their dreams and the financing that will allow them to actually make the purchase. […]

Cryptocurrency: First U.S. Real Estate Deed Recorded Using Ethereum – Guest Post

buying real estate with cryptocurrency

The concept and potential disruptive nature of blockchain technology (and cryptocurrency) has been discussed at the Hallmark Abstract Service blog in the past (See- The Building Blocks of Title Insurance – Will Blockchain Disrupt The Industry?)! But now, a real estate deal was transacted and the documents recorded utilizing Ethereum, completely bypassing this city’s own legacy recording […]

Title Insurance And Havoc In The New York Real Estate Market?

madison square garden photo

December 19, 2017: After Regulation 208 Went Into Effect On December 18th, The Following Day NYSDFS Issued A Stay Expiring February 2, 2018 That Will Allow One Specific Activity Eradicated By The Regulation To Continue… Candidly, of all the new directives in Regulation 208 that will impact title companies, a stay on this specific one is […]

Tax Reform And It’s Impact On New York, New Jersey And Connecticut Real Estate!

net migration by state

With the passage of the ‘Tax Cuts and Jobs Act’ (name subject to change) some aspects of the legislation are very clear and some things will take some time to play out such as real estate valuation! So what do we know concerning the tax bill? There are seven tax brackets as there were before, the standard […]

New Yorkers Feeling The Pinch Over The End Of SALT (State and Local Tax Deduction)

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Tax Reform, Tax Cuts, Boon for the Middle Class and Tax Breaks for the Rich are but some of the names being applied to describe the tax legislation Congress is currently debating! The potential to rescind the state and local tax deduction, or SALT as it is commonly known, has many New Yorkers and residents of the other […]

“Option A is not available. so let’s just kick the s**t out of Option B.” Sheryl Sandberg

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Imagine you’re a football coach and the game plan you drew-up is failing miserably or, at a minimum, just not getting the job done (think New York Jets and Giants)… Or maybe you’re the CEO of a business and, what you thought would be a phenomenal strategic plan, has for any number of reasons just not panned […]

Update: Treasury Department Disclosures (GTO) Required For All-Cash Real Estate Transactions Has Been Expanded!

money laundering photo

Money Laundering, All-Cash Residential Real Estate Transactions and the Department of the Treasury! In August 2016 Hallmark Abstract Service provided an overview of the Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) disclosure rules, designed to determine who the true underlying buyers were in certain all-cash real estate transactions around the country. These transactions would […]

Residential Real Estate Buyers: Beware Of Wire Fraud Scams!

Residential Real Estat photo

Phishing, spoofing, cyberfraud and spyware are all terms that relate to a third party’s desire to invade your computer and, in many instances, to compromise your non-public information! In other words these scams are designed in their most malicious form to steal a consumers personal information, whether birthdate, social security number or credit cards, and utilize them […]

Could Underfunded Public Pension Plans Pose A Risk To Real Estate Values?

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Depending on the methodology that’s used to determine the underfunded position of state public pension plans, the number as of 2015 ranged from a staggering $1.7 trillion to an unfathomable $5.2 trillion! To put that into context, the national debt of the United States is currently about $20 trillion. But why is there such a great […]

Everything You Ever Wanted To Know About Home Improvement!

home improvement questions and answers

For homeowners, embarking on a home improvement project of some kind has become increasingly common, with a 60% increase in money spent during 2016 over the 12 months prior! And that trend is not expected to end in 2017 with 63% of those surveyed planning on spending even more this year! This is according to HomeAdvisor that […]