Tag Archives: Hallmark Abstract Service

Real Estate Considerations for Effect of COVID-19 on Purchase and Sale Agreements

In the new normal of coronavirus or COVID-19, uncertainties have suddenly arisen concerning personal conduct, personal freedom of movement and financial stability, leading to changes in the conduct and implied responsibilities of the various constituencies that are party to a real estate transaction. And while contractual customs and mechanics may vary from locale to locale, the […]

In New York Virtual Notarizations Lead To Virtual Closings in the Age of Coronavirus!

Critical Update March 24, 2020: While virtual closings including virtual notarizations are imminent in New York State, several critical issues still need to be resolved before the bottomline interests of all parties to a transaction are 100% confirmed! These issues include, but are not necessarily limited to, the following: The acceptable and timely acquiring of […]

Closing A New York State Real Estate Transaction in the Age of Coronavirus!

Today, and rightfully so, parties to a New York real estate transaction are loath to sit in close proximity to each other regardless of the degree of social distancing being used! In certain instances they may also be unavailable for a sit-down as they are quarantining themselves voluntarily or, because they feel ill, have been […]

Closing A New York State Real Estate Transaction in the Age of Coronavirus!

Today, and rightfully so, parties to a real estate transaction are loath to sit in close proximity to each other regardless of the degree of social distancing being used! In certain instances they may also be unavailable for a sit-down as they are quarantining themselves voluntarily or, because they feel ill, have been exposed to […]

Hallmark Abstract Service: Title Insurance Warrior!

Hallmark Abstract Service! We are able to protect supertall buildings in a single transaction across New York State! And, we are expert in protecting single-family homebuyers, commercial property buyers and mortgage refinancers in every real estate transaction that they enter into! Hallmark Abstract Service Is Open For Business And Stands Ready To Serve The New York […]

The Wealthiest Community in the New York City Region is…

Photo of a Westchester, NY mansion

For those of us living in and around New York City, whether Long Island, Westchester, New Jersey, Connecticut or one of the five boroughs, it can be hard to imagine what area is the ‘wealthiest’! The term wealthy can have many different meanings but, for our purposes in this article, let’s use average annual household […]

What Are Air Rights, and What Do They Mean for CRE Developers and Investors? by Matt Frankel

Tutorial about air rights

The phrase air rights, depending on who you you’re speaking with, conjures up various thoughts and opinions over exactly what they are! There is of course the environmental and aviation context, but for the purposes of this article we speak of the ability for a developer to build a building to a certain vertical height. One can possess air rights […]

Record Low Treasury Yields: An Historic Opportunity in the Mortgage Market!

10-year treasury yield at 1.31%

With the 10-year treasury hitting an all-time record low yield today (February 25, 2020) of 1.31%, and mortgage rates at or near historic lows, does it seem to anyone else as if the banks are basically ‘giving’ their money away? For current homeowners with a mortgage already outstanding, or a property owner with far less […]

The Attorney’s Role in New York Real Estate Transactions – Michele Cea, Esq.

In light of the CLE that Hallmark Abstract Service sponsored this weekend titled ‘Uncovering the Landmines Buried Deep in the New York Residential Real Estate Contract‘ that was hosted by attorney Vincent J. Gallo, we offer the article below authored by attorney Michele Cea of the firm Cea Legal, P.C. titled ‘The Attorney’s Role in […]

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 […]