Tag Archives: real estate closing costs

Buying a Home in New York? What You Don’t Know Can Hurt (Cost) You!

Shopping for a home entails many factors that need to be considered, including financial, personal preferences, practicality, objectivity and realism! While we all have visions in our minds about the ‘perfect’ home, limitations can sometimes get in the way forcing compromise. Regardless, the process of home buying as described by various websites, for the most part covers […]

New York Title Insurance Costs – They CAN Be Mitigated!

Mitigation – Post-pandemic, and long after the term quarantine is nothing but a bad memory, mitigation will go back to its original meaning of ‘reducing the severity, seriousness, or painfulness of something’! And at that point the mitigation of virus spread will hopefully be nothing but a bad and sad memory! So if that’s the case, […]

How Do You Mitigate Various Types Of Risk?

Mitigating real estate risk

Risk is a small word that covers a large range of issues and scenarios including health, investing, recreation and of course, real estate! One need only look at the stock market futures this morning to understand the often-used phrase of ‘risk-off’ that describes the environment where investors take some money off of the table and sell. At-the-same-time, […]

Hallmark Abstract Service Nominated Best of Long Island 2020, Best Title Insurance Company!

Hallmark Abstract Service nominated Best Titie Company on Long Island

  Hallmark Abstract Service is very proud to announce that the firm has been nominated in the Bethpage Federal Credit Union Best of Long Island 2020, Best Title Insurance Company! But, of course, we protect commercial and residential properties across New York State. Voting opens on October 1, and we will share the link then to cast your […]

Hallmark Abstract Service: Our Laser Focus Is On YOU And YOUR Real Estate Transactions Success!

Hallmark Abstract NY title insurance

In Every Transaction Hallmark Abstract Serves Two Major Constituencies While Focusing On One Overriding Mission! The overriding mission and laser-focus of Hallmark Abstract Service when entrusted with the title insurance portion of a residential or commercial real estate transaction, is very simple… Ensuring that the buyer will never have an issue with a third party attempting […]

Real Estate, Title Insurance And A Reduced Stress Journey!

blood pressure photo

A commercial or residential real estate attorney in New York focused on transactional work, understands the pressure of bringing a deal from contract signing to the exchanging of keys at the closing table! This process of getting from Point A to the finish line can be fraught with obstacles and stumbling blocks, any one of which having the […]

The U.S. Title Insurance Industry: The Only Thing Uniform Is A Lack Of Uniformity!

uniformity photo

Related Articles: Buying Real Estate In New York State? Does The Title Insurance Underwriter Being Used Actually Matter? New York State Real Estate Attorneys And Mortgage Originators…Do You Have A VIABLE Title Insurance Plan B? New York Title Insurance: Always Compare Apples To Apples! Followers of the real estate industry around the United States, and the […]

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 […]

New York Title Insurance Industry Prohibition Of Inducements Provided In Return For Business Delayed From December 18th to February 1, 2018

porterhouse steak photo

Breaking News December 19, 2017: The NYSDFS today issued a statement delaying the implementation of certain aspects of Regulation 208, namely the prohibition on inducements being given in return for business. We’re not sure what a one month delay will do for firms in terms of compliance, but here is the statement… DFS Statement Regarding […]

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 […]