OneTitle National Guaranty Placed in Liquidation! When Hallmark Abstract Service speaks to homebuyers, real estate agents, mortgage brokers and real estate attorneys, one of the key points that we stress is that the underwriter being used for the title insurance policy is critical, and needs to be one of the strongest and best capitalized available. […]
Over the years Hallmark Abstract Service has strived to educate the real estate buying community in New York about what they need to know about the title insurance they will be purchasing in the course of their commercial or residential transaction! The firm has written many articles that stress some of the critical title insurance issues that they, […]
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 […]
What do some title insurance companies and title closers in New York State have in common with the ostrich? It’s the unwillingness to get bad news, understand and digest its impact and then to do what’s necessary to work within the parameters of those new rules. On December 18, 2017, New York State Department of Financial Services […]
Beginning December 18, 2017, New York State Department of Financial Services Regulation 208 will prohibit the tipping of title insurance closers by anyone! Some reading this might say, ‘No big deal’ because real estate deals will still come and go. But, in essence, it is potentially a very big deal because GOOD title insurance closers, […]
