In Every Transaction Hallmark Abstract Serves Two Major Constituencies While Focusing On One Overriding Mission! The overriding mission and laser-focus of Hallmark Abstract Service when entrusted with the title insurance portion of a residential or commercial real estate transaction, is very simple… Ensuring that the buyer will never have an issue with a third party attempting […]
Income producing multi-family property has a certain allure for investors looking to diversify their portfolio into real estate! And why not, as on the 1st of each and every month the owner will receive cash flow from the building’s residents who will seek them out to hand over their rent check! One would hope! This type […]
Opening the Business section of Long Island’s Newsday this morning imagine my shock to read the following headline: ‘REPLACING 1940 FOOD HOME‘ with a photo of Zorn’s Poultry Farm in the background! As someone who picks-up food from Zorn’s of Bethpage when I’m in the neighborhood, whenever we have guests at the house or for […]
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 […]
When should the purchaser of commercial and residential real estate or the refinancer of a mortgage in New York State get a second opinion on the title bill provided by the title insurance company being utilized? Or ask other questions about the title insurance policy to be provided at closing? Answer: Each and every time! […]
When a buyer purchases residential or commercial real estate in New York, or is refinancing an existing mortgage, they will be acquiring title insurance along with it*! While title insurance will be protecting the owner against financial loss for what is likely their most valuable asset by ensuring that they have good and clear title to the property, […]
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 […]
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 […]
