Tag Archives: New York title insurance

Rising Rate Of Subprime Credit Card Delinquencies And Charge-offs…An Economic Canary In The Coal Mine?

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As a title insurance company, our business relies on a robust commercial and residential real estate market that’s being spurred on by a strong consumer! A consumer who’s confident about the country’s (and their own) economic prospects! Certainly, we have seen good recent economic growth as measured by GDP, but post-tax cut have we already seen […]

Update: Treasury Department Disclosures (GTO) Required For All-Cash Real Estate Transactions Has Been Expanded!

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Money Laundering, All-Cash Residential Real Estate Transactions and the Department of the Treasury! In August 2016 Hallmark Abstract Service provided an overview of the Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) disclosure rules, designed to determine who the true underlying buyers were in certain all-cash real estate transactions around the country. These transactions would […]

Information For NON-Real Estate Focused Attorney’s In New York…

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  … Who have been asked to represent the buyer in a real estate transaction! Imagine that you’re an attorney in New York with a focus and concentration on matters that have NOTHING to do with transactional residential or commercial real estate! Whether it’s trust & estates, matrimonial, bankruptcy or one of the other specialties […]

Are You Part Of The Working ‘Poor’ Living In New York City? No Wonder…

New York City cost of living

If you’re living in New York City with housing, food and transportation costs in addition to a heavy tax burden, you may be feeling as if it can be difficult to make ends meet! Let alone to save any money for your golden years! Preaching to the choir, we know! In the article ‘The Cost […]

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

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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, […]

How Can You Tell A Knockdown Home Versus A Renovation Project?

luxury living in New York

For prospective home buyers, gauging whether a potential home represents a knockdown and rebuild or a renovation project can often be an extremely personal decision! In other words, ‘one man’s trash is another man’s treasure!’ For some an existing home is ‘livable’ as-is by making some minor improvements such as new carpet and paint. For […]

Morning Thoughts: Giving Up To Achieve Success

  Courtesy of JASB Management, some excellent points about achieving success to consider for business and for life. Sometimes, you have to give up to get ahead! 25 Simple Things to Give Up If You Want to Succeed 1. Trying to be perfect. Perfectionism sets us up for failure. It’s not a quest for the […]

NYC Supertalls: Where Size Does Matter!

supertall buildings in NYC

Driving into Manhattan from Long Island one can’t help but notice that dotting the skyline are buildings that dwarf those around them! These, are the supertalls! Defined as a building that is greater than 984-feet tall, these buildings include the famous such as One World Trade Center as well as the infamous like 432 Park Avenue. […]

Trust, Reputation And Integrity: Once Lost They Can Be Difficult If Not Impossible To Regain!

business reputation

Having ‘cut my teeth’ as a Wall Street bond analyst and then trader, the lesson learned early and often was that, to quote a phrase, ‘your word is your bond’! In those days (and it is likely the same today in some financial products) trades were made over the phone and, when the voice on the […]

In 2017, NYC Residential Landlords Will See Their Pricing Leverage Decline And Shift To Renters!

NYC apartment rents declining

As a front row witness to the exorbitant and ever-increasing apartment rents being asked for and received by landlords across NYC, will 2017 see rents declining with a shift in power to the renters? Take heart New Yorker renters, you may finally have hand! April 9, 2016 in the article at the Hallmark Abstract blog titled, […]