Many homeowners negatively impacted by the financial crisis may now, all these years later, finally be in a position to qualify for a mortgage again! These 700,000 potential 2015 reentrants into the mortgage and housing markets are known by the name ‘Boomerang Buyers’. Boomerang buyers were impacted by the financial crisis in one of these three ways: They were […]
Today there is a real possibility that when the appraiser of a home comes back with a value, it may not match the expectations of the homeowner! This contrasts with the old days, or more precisely the go-go years pre-financial crisis, when appraisers, homeowners, homebuyers and mortgage companies seemingly worked in concert resulting in a homes value […]
Department of Assessment Tax Map certification requirement Summary of the new requirement – ‘Due to the implementation of the Department of Assessment’s Tax Map certification requirement, effective Wednesday, January 14th, 2015, all deeds, mortgages, satisfactions, assignments, consolidations, or any modification of the foregoing, must have their Section, Block and Lot verified with the Department of […]
Why is it that a title insurance guy is beating the drum about the potential economic impact of plunging crude oil prices? You’re probably asking yourself ‘shouldn’t he be focusing on things that he knows about or that may affect his business?’ Well the truth is that the potential economic ramifications of crashing crude oil […]
While there are many functions that a title agency might offer to an attorney acting on behalf of a client or to a client directly, the primary function is generally going to be issuing a title insurance policy for a property that will ensure the owner good, clean and clear ownership! In other words that no […]
For those who may not follow the government bond market, 2.35% is the current yield of the 10-year Treasury note! That said, the 52-week low yield for this benchmark security is a mere 4 basis points away at 2.31%. So why, given the fact that the powers that be are trumpeting a stronger and improving […]
The Mortgage Interest Deduction! Of course the title of the article is a parody of the fan pleading for the masses to leave Britney Spears alone but, for anyone who owns real estate that is mortgaged or who may be thinking of buying residential property with financing, the title is actually quite significant. This […]
Follow @Hallmark Abstract Service Mortgage rates for residential property typically do not fluctuate wildly on a day-to-day basis but, as the charts and graphs below show, over time they most certainly can! Over the past 52-weeks mortgage rates have moved in a range of over 100 basis points, or 1%, in all categories other than […]
If you missed one or more of the Hallmark Abstract Service articles this past week never fear because links to all of them are provided here! And, if you want to make sure that you don’t miss any articles in the future, simply use the Follow tab in the lower right-hand corner of the page. […]
The following articles look at various issues concerning businesses both within the practice of law and without! We publish The Hallmark Abstract Sentinel with the goal of providing our readers timely information that is hopefully of interest, but that in some way may prove helpful to them and their businesses too. If anyone has topics […]
