Tag Archives: title insurance New York

Buying A $10MM Home In New York? Don’t Read This!

Title Insurance in New York

Just kidding, because ALL homebuyers in New York should be aware of some very important factors when it comes to the title insurance that they will purchasing for their new home! Number 1 is that title insurance is not a commodity product and, in fact, significant differences do exist between providers. Number 2 is that you have […]

For New York Homebuyers, Demystifying A Large Part Of The The Closing Table Experience!

Register For The Free Hallmark Abstract Service App at the Link Below and Calculate Closing Costs, and Much More, Before You Even Put a Bid On Your New York Dream Home!  New York Title Insurance Bill On Demand, Online or On Your Phone (click here to Register) The Residential Real Estate Closing Table! The day has arrived and, […]

First American Title Facing Civil Charges Filed By New York Regulators for a Massive Data Security Breach!

Absolute Cybersecurity Protection is an Imperative for Title Insurance Companies in New York!  In 2017 the New York State Department of Financial Services (NYSDFS) implemented 23 NYCRR 500 designed to make sure that firms in certain industries have cybersecurity protocols in place to securely protect the NPI, or non-public information, of their clients. To summarize the parameters, […]

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 […]

NY’s 2019 Rent Stabilization Law: Opposing Views, Paths Forward by Jason Gordon, AmTrust Title

On July 31, 2019 Hallmark Abstract Service published the article, ‘Are there any winners in the NYC multifamily marketplace?‘, providing some background into the parameters of the new law and potential impact that the Housing Stability and Tenant Protection Act of 2019 could have. This impact would be on a variety of stakeholders including multifamily building owners […]

Beware The Phrase That ‘Stocks Are On Sale’!

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Once again stock market investors have borne witness to a significant selloff, occurring soon after equities reached record highs! So why, you may be asking yourself, is the owner of a title insurance company writing and opining about investing in any asset class other than real estate? Because, said owner needs to vent a little […]

What Do Clients Think About Hallmark Abstract Service – A Testimonial

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Why Do People Choose To Use Hallmark Abstract Service? As many of you know by now the focus of the articles at the Hallmark Abstract Service blog tend to be about issues that either affect the entire title insurance industry, topics that we feel may be of interest to our readers across industries, available events offering business […]

New York State Title Insurance Industry: ‘I’m Mad As Hell And I’m Not Going To Take It Anymore’!

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Update January 16, 2018: ‘The New York State Senate unanimously passed a bill Tuesday that will allow title companies to resume buying clients coffee, taking them out for lunch or treating them to a round of golf. Sponsored by Sen. James Seward of Oneonta, the bill — which now heads to the Assembly and Gov. […]

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

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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 […]

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

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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 […]