Category Archives: title insurance

Consolidation In The Title Insurance Industry And Affiliated Business Arrangements: Good Or Bad For The Real Estate Or Mortgage Consumer?

When should the purchaser of commercial and residential real estate or the refinancer of a mortgage in New York State get a second opinion on the title bill provided by the title insurance company being utilized? Or ask other questions about the title insurance policy to be provided at closing? Answer: Each and every time! […]

New York State DFS Regulations 206 And 208: Do They Help Or Hurt The Consumer?

Impact of NYS DFS Regulations 206 and 208

The comment period for proposed New York State Department of Financial Services (DFS) Regulations 206 and 208 is currently open until June 19, 2017! Regulations 206 and 208, though proposed with the intended good intentions of protecting the consumer, would in the opinion of Hallmark Abstract Service actually have a negative impact if implemented… We would therefore […]

Title Insurance: What Do You Know About The Underwriter Protecting Your Investment? (New York)

caveat emptor

When a buyer purchases residential or commercial real estate in New York, or is refinancing an existing mortgage, they will be acquiring title insurance along with it*! While title insurance will be protecting the owner against financial loss for what is likely their most valuable asset by ensuring that they have good and clear title to the property, […]

Hallmark Abstract Service Is Pleased To Announce Our New York City Address

Hallmark Abstract Service New York title insurance

In order to better fulfill our commitment to serve our clients title insurance needs, it was critical for Hallmark Abstract Service to grow its footprint within the five boroughs of New York City! With that in mind, as of February 1, 2017, we are pleased to announce our New York City address below. Same laser focus on protecting our […]

Title Insurance: DON’T Be Penny-Wise And Dollar Foolish! (Scenario)

title insurance on Long Island

Remember, Always Do An Apples To Apples Comparison When Purchasing Title Insurance! In the past we have discussed that it’s critical when choosing your title insurance provider, that you make sure you are making the decision between firms on an apples to apples basis. What exactly does that mean? After all aren’t all title insurance underwriters and title […]

Title Insurance, Unlike Some Types Of Insurance, Is Still Affordable!

New York State Title Insurance Cost Comparison

On November 1, 2016 American’s will begin what may very well be the fiscally painful and mentally sickening enrollment process for their next years health insurance coverage! According to reports, in New York State premiums on the state exchange will rise more than 20% and in some other states around the country will rise triple […]

Do You Have A Comment Concerning The CFPB’s Proposed TRID Amendments?

If so, the time remaining to offer your opinion is running short! On July 26th the Consumer Financial Protection Bureau or CFPB released proposed amendments to the TILA-RESPA Integrated Disclosures aka TRID! For anyone who may want to comment the deadline to do so is October 18, 2016. An article from ALTA explains the amendments and provides […]

Are So-Called ‘Commodity Products’ Really All Created Equal?

comparing commodity products

For those of us whose business involves providing products or services that some may consider to be the same regardless of who it’s purchased from, is this actually the case? For example are all transactional real estate attorney’s the same because, after all, at the end of the day a deal will typically close? How about […]

All-Cash Residential Real Estate Transactions – New Government Oversight Rules (Update)

Summary – ‘On July 17th, 2016, the Financial Crimes Enforcement Network (FinCEN), a bureau of the U. S. Department of Treasury, issued Geographic Targeting Orders to all title companies. The orders impose temporary new data collection and reporting requirements for all cash purchases of residential real estate by corporate entities in certain counties.‘ We continue […]

How Can We Better Serve You?

For Hallmark Abstract Service there is nothing more important than the complete satisfaction of our clients and the total protection that our title insurance services provides to them. In a commercial or residential real estate transaction that will represent one of largest, if not the largest, investments that an individual, family or business entity will […]