Category Archives: real estate

FinCEN Geographic Targeting Orders That Seek To Identify High-End Cash Buyers In Certain Cities Extended!

FinCEN extends the Geographic Targeting Orders

Anti-money Laundering GTO extended for 180 days The Financial Crimes Enforcement Network (FinCEN) of the US Treasury has extended the Geographic Targeting Order (GTO), set to expire tomorrow Feb 24. The new GTO is identical to the current order and will not expand the cities or the dollar thresholds. Borough of Manhattan, N.Y.; $3 million […]

Thinking About Selling Your Home “For Sale By Owner’ Or FSBO? Before You Do…

home sellers being pennywise and dollar foolish

Sometimes when a homeowner is selling their home, they see dollar signs and consider ‘saving’ the 3%-6% commission paid to a realtor and try to sell it on their own, aka For Sale By Owner or FSBO! But in reality is this way of thinking actually pennywise and dollar foolish? In other words does the […]

Why You Need A Real Estate Agent!

why you need a real estate agent

If you’re buying or selling a home, why would you try and do it on your own? In today’s technology-rich world, with information immediately available and a desire by many for immediate gratification, some prospective homebuyers and home sellers might rely on the internet and themselves to get the job done! And, if you’re currently involved […]

The Weeks Top Articles From Hallmark Abstract Service…

Photo: LawSchools.com

These are the weeks most popular articles at the Hallmark Abstract Service website… Important Notifications! Website Security: To alleviate security concerns for clients and visitors to the Hallmark Abstract Service website, please note that our URL is now https:// and no longer http://. Golf, Networking, Philanthropy and Business Development: Registration for the June 15, 2017 […]

Trump’s Presidency Will Spell Doom For Long Island Real Estate!

Trump fact and fiction

This is an example of a powerful and attention grabbing headline but, in reality, how much of what we hear and read is merely hype and hyperbole potentially devoid of fact? The truth is that we will not know the impact, if any, that Donald Trump will have on real estate and the economy until he’s in […]

Mortgage Rates Up But Still Affordable! (Chart)

Are homes still affordable?

In mid-October 2016 the average 30-year fixed mortgage rate was 3.64% and a 15-year fixed at 2.93%! Now, post-presidential election and based on the fixed income markets belief that the economy is going to improve thus spurring further rate increases by the Federal Reserve, 30-year fixed rate mortgages are on average 4.31% and 15-year fixed […]

Rising Rates Won’t Kill The Stock Market Rally, But What About Real Estate? (Chart)

Will an increase in borrowing costs bring the hammer down on homebuyers or, at these levels, is that concern much ado about nothing?

With the Janet Yellen-led Fed raising the fed funds target range while signaling more hikes may be in the immediate future, will rising rates kill the stock market rally? And, by the same token, will the rising mortgage rates that will accompany the Federal Reserve tightening policy bring the hammer down on the real estate market through […]

Nancy Pelosi Opines About Real Estate Closing Costs On Long Island…Affordable! (Video)

New

Update December 7, 2016: The new fee discussed below has been passed by the Suffolk County legislature per the County website… $300.00 per document   MORTGAGE VERIFICATION FEE effective January 1, 2017 In this short video clip Nancy Pelosi opines about the proposed increase in certain real estate fees and the implementation of some wholly new ones by […]

Nassau County Real Estate Closing Costs Set to Become New York State’s Highest!

real estate on Long Island

On December 14th it’s likely that Nassau County will approve real estate fee increases making it the most expensive jurisdiction in New York State in terms of closing costs! It’s an unfortunate case of deja vu’ all over again as Suffolk County this week is prepared to do some of the same with mortgage document recording […]

Election 2016: What Impact Will A New POTUS Have On The Housing Market?

donkey and elephant photo

Round and round the two candidates for President of the United States go, and who will win next Tuesday we still don’t know! But, whether you back the candidate that’s represented by a Donkey or an Elephant, if you’re in the real estate business the question is what the eventual outcome of the election may have […]