On December 2, 2016 Hallmark Abstract President Michael Haltman wrote an article concerning the significant new mortgage recording fees set to be imposed by Suffolk County, New York! In the article Haltman opined that the new fees represented ‘an egregious money grab and as regressive a tax as has been seen in some time! And, by some […]
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 Suffolk County, New York has announced a new fee that will be required to record certain mortgage and mortgage-related documents! To this observer, this seems to be […]
With Nassau County, New York finances in, shall we say, difficult shape, leadership scours its income statement for ways to increase income and lower expenses! And, because most everything always comes down to politics, any potential solution needs to be positioned and ultimately implemented in such a way as to make the fewest number of […]
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 […]
When someone enters into the process of buying a house or commercial property often their focus will be on couple of specific items! The first of course will be negotiating the best price for the property. This will depend in no small part on whether the real estate market is currently favoring buyers or a […]
