Imagine Excluding Current Mortgage Debt Service From The DTI Calculation For A New Mortgage!

DTI Calculation Excluding Current Mortgage Payments! Back in 2019 we highlighted a fantastic national mortgage program being offered by a major money-center institution, Citicorp, that actually excludes current mortgage payments from the debt-to-income (DTI) calculation for a homebuyer who is actively looking for a new home and will be selling the current one! Given the current […]

In The Real Estate Industry Cybersecurity Is No Longer An Option, It’s An Imperative!

For title insurance companies in New York State, the issue of maintaining a high level of information protection through cybersecurity protocols is nothing new! Back in 2016 the New York State Department of Financial Services (NYSDFS) proposed and then implemented strict regulations ‘which aimed to protect consumers and financial institutions from cyber-attacks by requiring banks, […]

What Is Title Insurance, and How Much Does Title Insurance Cost? (Guest Author)

The article below, written by Audrey Ference at Realtor.com, provides an exhaustive and easily understood look at what title insurance is, why you need it, some of the basic types of policies a homebuyer might buy and more! Of course, some aspects of title insurance will vary from state to state including the cost of a policy. […]

Feeding Frenzy For Suburban Residential Property – All Good, Or Bubble-like?

Exodus of population from dense environments has led to a scarcity of inventory and a sharp escalation in residential real estate prices in the suburbs…Can it all be sustained? Pandemic has caused property in less dense locales to be in high demand and short supply, leading to sharp increases in prices. Add to the mix […]

Coming to New York in June 2021: A New and Simplified Power of Attorney Form!

Thanks to legislation from New York’s Governor Cuomo, in June 2021 a new and hopefully improved New York State power of attorney form will be released! Stay tuned… _______________________________________ If you’re buying residential or commercial real estate in New York State remember… New York Title Insurance IS NOT All The Same! If you have any […]

United Van Lines Study – Why are so many people moving out of New York State?

United Van Lines releases its annual study documenting where, why and in what numbers Americans are moving! One overriding reason for moving in 2020 of course had to do with Covid-19, as concerns over big city density drove many to find less-dense locales in which to live. But, for a state like New York, cost of […]

The Hallmark Abstract Service Edge…

Real estate businesses and law firms need to take the steps that are available now, in order to escape the coronavirus penalty box early! Pandemic has ravaged the world, and many businesses have become mired in a struggle for simple survival! For others survival isn’t the question, but their businesses have and remain in a […]

Virtual Business Development Group

Are you looking to jumpstart business development in a company that’s focused on: – P&C Insurance – Digital Marketing – Health & Wellness – Public Relations – Promotions – Phone and Internet Systems This business development group, meeting virtually on Zoom for the foreseeable future, will help in a big way! Contact me at mhaltman@hallmarkabstractllc.com and I’ll […]

Attorneys (and everyone else) Leveraging LinkedIn!

Lawyer marketing techniques

For attorney’s and law firms in New York State, advertising is perfectly fine as outlined in the New York Rules of Professional Conduct! However, certain additions and disclosures are required to be made! New York Rules of Professional Conduct at Rule 7.1 through Rule 7.5 ‘explain what information is prohibited, what information is permissible, and […]

For Real Estate, New York is a Lien Theory State! What Does That Even Mean? (Video)

Hallmark Abstract NY title insurance

In a lien theory state such as New York, the property buyer/mortgagor continues to hold the deed to the property until the loan is satisfied, or fully paid back to the lender! At that time, a Satisfaction of Mortgage should be recorded. This scenario differs from title theory states in which a Deed of Trust is issued […]