Category Archives: real estate

How Do You Mitigate Various Types Of Risk?

Mitigating real estate risk

Risk is a small word that covers a large range of issues and scenarios including health, investing, recreation and of course, real estate! One need only look at the stock market futures this morning to understand the often-used phrase of ‘risk-off’ that describes the environment where investors take some money off of the table and sell. At-the-same-time, […]

New York State Title Insurance Claims – The Most Common Are…

Whenever you buy an insurance policy you may or may not be expecting to ever have to submit a claim! If it’s health insurance you know that at some point during the year you will need to go to a doctor or specialist and will utilize whatever insurance you may have. Whether or not you will get reimbursed depends […]

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 […]

Mortgage Expert Insights on Business Planning Strategies, Guest Author Ben Smidt

Mortgage broker business planning

Mortgage loan originators, much like those of us in many professions including title insurance, will start the new year with a predominantly clean slate in terms of new orders in the pipeline. Of course it is hopefully not 100% empty, as orders will come in through December that will hopefully be closing in 2020. But […]

Important Information for New York State Buyers AND Sellers of Residential Real Estate Held by an LLC!

home photo

Title Insurance Companies Have Been Mandated by an Amendment to a New York State Law, to Determine the Actual LLC Owners in ANY Residential Real Estate Transaction For Both the Buyer and the Seller, Regardless of Price or Locality! Residential real estate: One to Four Family Dwelling Summary (Courtesy of NYSLTA): New Law Requires Full Disclosure […]

Hallmark Abstract Service Nominated Best of Long Island 2020, Best Title Insurance Company!

Hallmark Abstract Service nominated Best Titie Company on Long Island

  Hallmark Abstract Service is very proud to announce that the firm has been nominated in the Bethpage Federal Credit Union Best of Long Island 2020, Best Title Insurance Company! But, of course, we protect commercial and residential properties across New York State. Voting opens on October 1, and we will share the link then to cast your […]

Reference Guide to the NYS Transfer Tax and Mansion Tax Hikes…

brownstone photo

The chart below describes the increases in the New York State Transfer Tax and Mansion Tax, that will affect transactions of specific type and size occurring after July 1, 2019… An exception to the July 1 deadline will be those contracts ‘entered into on or before April 1, 2019, “provided that the date of execution of such contract […]

Interactive Chart: Since the Financial Crisis, How Have Consumer Preferences in Remodeling Projects Changed?

Homeowner Improvement Expenditures by Project Type

The art of determining consumer preferences has taken on new meaning and a new sense of urgency when it comes to marketing and manufacturing in the age of the internet! Data analytics as it relates to consumer behavior has entered the 21st century in a big way, as algorithms and other processes take raw consumer data and […]

The American Dream and Real Estate: What Makes Millennials Tick?

what makes millennials tick

When it comes to the Millennial generation, real estate and attaining the American Dream, one question often asked is what fuels the Millennial purchase/rent decision-making process? As the parent of three Millennial children, questions will sometimes arise concerning what it is that’s most important to them vis a vis achieving the American Dream? The answer, however, […]

A Mortgage Application For A Property Purchase That Actually Excludes A Current Mortgage From The DTI Calculation?

Home for Sale

  So let me get this straight…A mortgage applicant currently has an outstanding mortgage on their home, and those expenses can be excluded from the DTI calculation for a mortgage that will be used to buy another home? Are we talking about a bridge loan or a loan from some other non-traditional lender? The answer […]