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 […]
In order to better fulfill our commitment to serve our clients title insurance needs, it was critical for Hallmark Abstract Service to grow its footprint within the five boroughs of New York City! With that in mind, as of February 1, 2017, we are pleased to announce our New York City address below. Same laser focus on protecting our […]
Update December 7, 2016: The new fee discussed below has been passed by the Suffolk County legislature per the County website… $300.00 per document MORTGAGE VERIFICATION FEE effective January 1, 2017 In this short video clip Nancy Pelosi opines about the proposed increase in certain real estate fees and the implementation of some wholly new ones by […]
On December 14th it’s likely that Nassau County will approve real estate fee increases making it the most expensive jurisdiction in New York State in terms of closing costs! It’s an unfortunate case of deja vu’ all over again as Suffolk County this week is prepared to do some of the same with mortgage document recording […]
In the seminars and CLEs that Hallmark Abstract Service participates in, a question that will often get asked is why would one choose your firm over another title insurance provider? Fair question as on the surface title insurance appears to be a commodity product and those who provide it nothing but commodity businesses. But if one were to scratch […]
For someone in New York buying a home, commercial property or who may be refinancing a mortgage, all title insurance is NOT created equal! As a quick primer title insurance is backward looking, purchased for the purpose of protecting owners of real property and the lender that may have provided financing. Title insurance ensures the fact that when a buyer/mortgage refinancer closes, […]
If you are planning a New York commercial or residential real estate acquisition or the refinance of an existing mortgage in 2014, print out this flyer and put it in a safe place! The reality for consumers is that they DO have the opportunity to choose the provider of title insurance for their transaction! Another […]
That means you will likely be in the market to buy a new one! Unless you are selling your residential or commercial property in order to pul-up stakes and move to a completely new location, chances are good that you will simultaneously be looking to purchase another piece of real estate. Hallmark Abstract Service would […]
