Category Archives: Title Insurance New York

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 […]

Title Insurance, Consumer Protection And Beating A Dead Horse!

horses photo

Over the years Hallmark Abstract Service has strived to educate the real estate buying community in New York about what they need to know about the title insurance they will be purchasing in the course of their commercial or residential transaction!  The firm has written many articles that stress some of the critical title insurance issues that they, […]

Buying Real Estate In New York State? Does The Title Insurance Underwriter Being Used Actually Matter?

Summary: ‘In the New York State title insurance marketplace there are many underwriter options for a policy but, at the end of the day, it is the financial strength of an underwriter and the title insurance expertise of the company preparing the policy that should be the primary consideration for any consumer!’ Imagine for a second […]

In California A Fully Cryptocurrency-based Real Estate Transaction Has Closed And Been Recorded On Blockchain! Is New York Real Estate Next?

blockchain and title insurance

Are Real Estate Transactions Based In Cryptocurrency And Recorded On Blockchain, The Wave Of The Future In New York State And Elsewhere Around The United States? Dateline California, July 23, 2018: Propy Announces the First California Property Sale on the Blockchain Leading Blockchain-powered Real Estate Platform Completes Historic Property Deal in California, in Cryptocurrency  PALO […]

Artificial Intelligence, Blockchain And Technological Disruption Of The Land Survey Process

land survey and technological disruption

In a commercial or residential real estate transaction, a survey of the subject property is typically an integral part of the title insurance issuance process as demanded by a lender! And given the now oft-discussed new technologies such as blockchain, are those who toil in the land survey industry at-risk of being displaced by technological advancements? As […]

New York State Title Insurance Industry: Is It All About Luxury Box Suites, Steakhouse Dinners And Champagne-fueled Parties?

steakhouse photo

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 […]

Read The Courts Decision As The New York State Title Insurance Industry Wins Its Article 78 Proceeding Fight!

scale of justice photo

The New York State Title Insurance Industry Takes On The New York State Department Of Financial Services In An Article 78 Proceeding….And Wins! A year after the open letter below was written (yes, time does fly when you’re having fun) and more than six months after NYSDFS Regulation 208 went into effect, it has been […]