Real Estate, School Districts And Teachers Often when homebuyers with children, or those who are planning on having children, make a choice concerning towns to consider purchasing in the quality of the school district will loom large in their list of criteria. Using that logic it would stand to reason that many (although not all) of […]
Rent regulations be damned, the NYS Senate spent its final day before summer vacation debating nonsensical issues of no real concern to the majority of the people they are in Albany to serve! Why? Because unlike you and I who would face serious repercussions were we to ignore our responsibilities in any privately run enterprise, […]
A real-life example of why the New York State Department of Financial Services has stepped-in to oversee the title insurance industry in New York State! The case involving NYS Senate majority leader Dean Skelos and his son Adam alleging pay-to-play in real estate transactions, also serves as an example of why Governor Cuomo last week announced “Anti-inducement” regulations and […]
On April 29th, 2015, Governor Andrew Cuomo of New York issued a press release announcing his plan to impose new regulations on the title insurance industry designed to reduce title insurance premiums as much as 60%! The full text of the Governor’s press release is presented below with links following to articles that provide the […]
An Industry’s Response To The Press Release Issued By New York State Governor Andrew Cuomo! Immediately following the release of New York State Governor Andrew Cuomo’s press release concerning proposed new regulations for the title insurance industry, the two trade associations representing industry participants issued the following statements. From the New York State Land Title […]
GOVERNOR CUOMO ANNOUNCES NEW REGULATIONS TO CRACK DOWN ON KICKBACKS AND IMPROPER EXPENSES IN THE TITLE INSURANCE INDUSTRY A sensational headline to describe a plan put forth by New York State Governor Andrew Cuomo to reduce the cost of title insurance that’s paid for by consumers! Title insurance, for those who may be unfamiliar, ensures […]
2014 was a year that witnessed significant changes in the way that title insurance agents in New York State would be monitored and, for the first time, licensed by the NYS Department of Financial Services (DFS)! It also was a year in which title insurance agents needed to prove that they were in compliance with the Seven Pillars of Best Practices established by the American […]
Hallmark Abstract Service is pleased to announce that the firm has successfully completed the application process and has been awarded a license by the New York State Department of Financial Services for Title Insurance Agent Operations. Licensing for title insurance agents is a new requirement instituted by New York State pursuant to New York Insurance Law Section 2139. […]
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 […]
It’s that time of year in New York State when the leaves are just beginning to change color and, if you are in the right place at the right time, the sights can be spectacular! So where are the right places to be and when in New York State particularly because peak fall foliage is […]
