Tag Archives: luxury real estate

Coronavirus Be Damned, In Real Estate The Show Must Go On!

Coronavirus Be Damned, In Real Estate The Show Must Go On! When it comes to residential and commercial real estate transactions in New York, coronavirus or not the deals need to close! When it comes to the title insurance portion of the deal and beyond, Hallmark Abstract Service is successfully helping its clients choreograph closings […]

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 […]

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 […]

FinCEN Geographic Targeting Orders That Seek To Identify High-End Cash Buyers In Certain Cities Extended!

FinCEN extends the Geographic Targeting Orders

Anti-money Laundering GTO extended for 180 days The Financial Crimes Enforcement Network (FinCEN) of the US Treasury has extended the Geographic Targeting Order (GTO), set to expire tomorrow Feb 24. The new GTO is identical to the current order and will not expand the cities or the dollar thresholds. Borough of Manhattan, N.Y.; $3 million […]

The Booming Business Of Residential Safe Rooms

terrorism, kidnapping and civil unrest

In a world that’s fraught with turmoil, terrorism and social angst, the art of protecting people in their homes has become big business! Big business that is, but one that’s not necessarily appropriate or available to all people. Home protection in the form of a safe room is a residential real estate luxury add-on that […]

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

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 buyer […]

New York City Real Estate, Government Edicts And The Inevitable Unintended Consequences!

Most if not all of us have heard the phrase that ‘the road to hell is paved with good intentions’! Given that, is it also a sad truth that many government policies once implemented, have unintended consequences the majority of which seem to be more painful than helpful for the masses? For the sake of this argument and […]

Heroes To Heroes Designer ShowHouse In Saddle River, New Jersey September 29 – November 13!

Heroes To Heroes Foundation

On September 29, 2016 21 designers will be showing-off their creative style at a new construction home in Saddle River, New Jersey! If you own a company or manage the marketing and business development for one, the ShowHouse For Heroes 2016 offers a phenomenal opportunity! What: Designer ShowHouse For Heroes in Saddle River, New Jersey 07458 When: September […]

New York City Ultra-Luxury Real Estate – Is The Sky Falling Or…

NYC luxury real estate market

Summary: NYC Ultra-Luxury Residential Real Estate Market Targeted At The Superrich Getting Soft? Has the market reached a tipping point or is this merely the pause that refreshes? Is the sky staying right where it’s supposed to be but the prices for apartments located there certainly seem, shall we say, soft? In-other-words, in terms of the ultra-expensive listings […]

NYC Rents Negatively* Impacted By The Law Of Supply And Demand

NYC luxury rentals

Negatively of course if you are an apartment owner or developer and positively if you are a prospective tenant! Economics 101: More supply in the face of steady or even declining demand, regardless of the product, will lead to lower prices! Of course in the category of luxury Manhattan rental apartments, there are other variables […]