Category Archives: Title Insurance New York

When You Look At Your Home, Which Of These Two Pictures Comes To Mind?

Why you need title insurance in New York

For a variety of reasons homeownership is one of the things in life that so many Americans hope to one day achieve! Whether for a family or an individual, the thought of owning a home conjures up visions of  achieving the American dream, weekend barbecues, family get togethers, independence, a mortgage interest deduction of course […]

Have You Been Carefully Checking Your Credit Card Bill?

consumer right to choose their title company

If you’re like most people, when your credit card statement arrives in the mail you check each item carefully to make sure that there are no errors and that you’re not being overcharged! And rightfully so, as no one wants to pay more than they are supposed to be paying! In much the same way when […]

In New York Title Insurance, Like Health Insurance, Should Be Affordable! (Video)

are you paying too much for title insurance?

Question: Shouldn’t the non-title insurance premium fees charged by your title company be as affordable as your health insurance premiums were supposed to be?  Of course they should but, much like health insurance costs post-the Affordable Care Act, things unfortunately aren’t always as they were meant to be or should be! So Congresswoman Pelosi, What […]

FinCEN Disclosures (Geographic Targeting Orders) For Cash Real Estate Transactions Expanded!

unintended consequences

  August 12th Hallmark Abstract Service examined the unintended consequences that resulted from the government edict intended to address one issue while impacting another one! The article titled ‘New York City Real Estate, Government Edicts And The Inevitable Unintended Consequences!‘ looked at the result from the requirement for title insurance company’s to disclose the actual […]

New York State Governor Andrew Cuomo Proposes ‘Crack Down’ On The Title Insurance Industry!

On April 29th, 2015, Governor Andrew Cuomo of New York issued a press release announcing his plan to impose new regulations on the title insurance industry designed to reduce title insurance premiums as much as 60%! The full text of the Governor’s press release is presented below with links following to articles that provide the […]

Title Insurance And Governor Cuomo’s Proposed Regulatory Changes: An Industry’s Response!

An Industry’s Response To The Press Release Issued By New York State Governor Andrew Cuomo! Immediately following the release of New York State Governor Andrew Cuomo’s press release concerning proposed new regulations for the title insurance industry, the two trade associations representing industry participants issued the following statements. From the New York State Land Title […]

Title Insurance And Governor Cuomo’s Proposed Regulatory Changes: Our Thoughts!

GOVERNOR CUOMO ANNOUNCES NEW REGULATIONS TO CRACK DOWN ON KICKBACKS AND IMPROPER EXPENSES IN THE TITLE INSURANCE INDUSTRY A sensational headline to describe a plan put forth by New York State Governor Andrew Cuomo to reduce the cost of title insurance that’s paid for by consumers! Title insurance, for those who may be unfamiliar, ensures […]

Title insurance premiums too high? You should see my life insurance!

title insurance New York

Follow @Hallmark Abstract Service A recent article in The Wall Street Journal  by Roland Li spoke to what the author proclaimed to be the unjustly high cost of title insurance in New York State along with alleged abuses being perpetrated by abstract companies! Now I am not here to justify or question insurance rates set by […]

Why have reverse mortgages been so slow to catch on?

title insurance New York

We’ve all seen the commercials starring actors like The Fonz (Henry Winkler) or Fred Thompson (actor and politician) that extoll the virtues of reverse mortgages for Americans over 62 who own a home and who need cash flow! The commercials address  concerns that both the homeowner and potentially the homeowners children may have about this […]

Residential new construction building costs breakdown!

title insurance New York

If you have ever wondered about the various components that go into the cost of new residential construction, the chart in this article from a survey of builders conducted by the NAHB will provide some clarity! For any of us who have ever bought a house or even thought about buying a house we often […]