Tag Archives: New York real estate

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 […]

What Impact Has GTO, FinCEN’s Anti-Money Laundering Geographic Targeting Orders, Had On The Luxury Residential Real Estate Market?

In 2016 the U.S. Department of the Treasury Financial Crimes Enforcement Network (FinCEN) implemented its Geographic Targeting Orders, or GTO (January 2016 announcement here)! What was the purpose of this 2016 reporting rule that required title insurance companies in specific high-end residential real estate markets around the United States, to drill down and find who the […]

Here’s How The Belmont Stakes Winner And Your New York Title Insurance Company Are Similar!

Or, at the very least, how they should be similar! The Belmont Stakes Winner vs. Your Title Insurance Company How would you compare the title insurance company you use for New York real estate transactions to the difference between a Kentucky Derby winner only and a Triple Crown horse like Secretariat? This was an equine […]

January 12, 2018: New York State Title Insurance Industry Showdown With Regulators And Politicians In Albany!

Albany photo

Due to some of the more onerous provisions of New York State Department of Financial Services (NYSDFS) Regulation 208 that went into effect December 18, 2017, the various ‘constituencies‘ involved and affected will be meeting in Albany January 12, 2018!  ‘The Assembly Insurance Committee is holding a hearing about DFS regulation of the Title Insurance Industry […]

No tips, please: Title closers say gratuities ban will cripple them – The Real Deal

New York State title closer compensation

This headline from an article at The Real Deal describes the situation that title closers, and by extension real estate attorney’s and title companies, in New York began facing as of yesterday, December 18, 2017! This is the day that the New York State Department of Financial Services (NYSDFS) Regulation 208 officially went into effect […]

How Much Do You Need To Earn To Buy A House In New York?

home sweet home photo

Or to buy a home in some of the other metro areas around the United States? Real estate brokers will tell you that one of the reasons for the increase in the price of residential real estate is the lack of inventory available for purchase. The price run-up has also been attributed to demand based […]

Title Insurance: Do You Know What You’re Paying For?

title insurance ripoffs

Can a homebuyer or mortgage refinancer actually pay too much buying title insurance? Isn’t title insurance all the same no matter who’s providing it? Won’t my attorney/mortgage banker be looking out for my best interests? The answers to those questions are a qualified yes, no and hopefully so! With the Spring buying season now upon us and […]

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 […]

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 […]

The 20 Hottest Housing Markets Across The United States

real estate,Top 20

Anyone who is trying to sell a home can only hope that when you look at the chart below, your particular market will be prominently highlighted as one of the Top 20 across the United States! If not, the process can be a long and frustrating one. According to a study conducted by Realtor.com the median […]