Title Insurance New York, title insurers, Underwriting

HAS is pleased to announce our new underwriter, Chicago Title!

Hallmark Abstract Service New York Title Insurance
Important Hurricane Sandy Note: Although our home office has lost power Hallmark Abstract Service is open and available for any of your title needs. We can be reached by email (orders@hallmarkabstractllc.com) or by cellphone at either 516.521.3499 or 516.521.2363.
In recognition of a job well done!
Beginning today, November 1, 2012, Hallmark Abstract Service will be adding Chicago Title to our group of underwriters available for our clients commercial and residential real estate transactions!
This move represents the culmination of 4 years of tireless work by the employees of Hallmark Abstract Service during one of the most challenging periods in the history of the U.S. real estate market.

We are extremely grateful to those clients who have trusted us with their precious transactions during this period and pledge to maintain our high standards and dedication to you in the future.

For those who have never given Hallmark Abstract Service the opportunity to earn your business, we hope that you will consider that in the future.

We are always ready, willing and able to stop by any office in the downstate area to meet, learn about your business and tell you a little bit about the way in which HAS conducts ours.

Hallmark Abstract Service LLC
Michael Haltman, President
131 Jericho Turnpike, Suite 205
Jericho, New York 11753
516.741.4723 (P)
516.741.6838 (F)
At Hallmark Abstract Service, we work harder to make your closings easier!
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child psychology, emotions, family, financial impact, foreclosure, foreclosure crisis, legal impact, losing a home, MORTGAGE FORECLOSURE, psychological effects, real estate, title insurance, title insurers

Foreclosure takes an emotional toll as well as a legal and financial one

Foreclosure and ALL its potential ramifications beyond simply losing a home

Whenever I receive a new article from Mandelman Matters I know that it will at the very least be informative and sometimes, as it was this morning, an important read for a variety of other reasons.

Having recently taught a CLE class on the impact that the foreclosure crisis could have on title insurers, my research was not only extensive but instructive as well. Foreclosure has its legal and financial impact without question, but potentially other, far reaching impacts as well.

The following article was originally posted in 2009, but as the author says it is important to read it again. I agree!

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The Psychology and Politics of Foreclosure

“… Losing a home to foreclosure is something most people never forget. It’s an event likely to stay with you for the rest of your life. It’s certainly not something most people think will happen to them… until it does. And it can happen to anyone at any stage of life, young, old, rich, poor… all can find themselves at risk. As the off-color colloquialism says about life… stuff happens. Although many people might not readily agree, foreclosures are statistically a “there-but-for-the-grace-of-God-go-I” type of situation.

Of course, there are times when more stuff happens to more people, and today is obviously an example of such times. The economic conditions that we’re experiencing today are causing more foreclosures than at any time since the 1930s. When housing prices began to collapse a couple of years back, no one could have seen just how far things would go, and how difficult it would be to bring our economy back to life, as we’ve known it.

One of the causalities of our accelerating economic downturn has been a shared understanding of its cause. Some blame our politicians, some blame Wall Street’s bankers, some blame the Federal Reserve, and we’ve all heard that it was the sub-prime borrowers themselves that are the root cause of our recession.

Belief in a Just World

As human beings, we need to understand the causes behind events that negatively impact our world in order to feel safe. When we don’t understand how or why something happened, when something appears

to have been a truly random occurrence, it frightens us terribly because we can’t plan to protect ourselves from such an event.

Melvin Lerner is a prominent social psychologist. In his 1980 book, “The Belief in a Just World: A Fundamental Delusion,” he argued that people want to believe in the inherent justice of the economic system in which they live, and want to believe that people who are suffering are responsible for their own situations. He conducted a series of experiments and provided empirical evidence showing that after an initial feeling of sympathy, people tend to develop negative views toward others who are suffering. And that’s the type of negative tendency that seems to be in play today.

So, perhaps it shouldn’t be surprising that instead of having sympathy for homeowners that are losing their homes to foreclosure, many people are blaming the homeowners themselves for their predicaments. It’s just an example of the general tendency that was documented by Melvin Lerner and other social psychologists many years ago…”

Read the full article at Mandelman Matters here.

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1220 KDOW, entertainment, foreclosures, hallmark abstract service, Kathy Fettke, MERS, radio interview, real estate market, robo-signing, standing to foreclose, The Real Wealth Show, title insurers

Live Broadcast: Title insurance, Foreclosures, MERS, Standing and you (live radio broadcast)

The United States Foreclosure Crisis

Michael Haltman of Hallmark Abstract Service appearing live on 1220 KDOW in San Francisco

The show: The Real Wealth Show with Kathy Fettke

The topic: Who’s really got title now?

Where: The interview can be listened to below (the interview begins at 4 minutes, 10 seconds into the broadcast).

Taped on Saturday, January 29, 2011, Michael Haltman spoke about the current foreclosure crisis in the United States real estate market and the fact that in more and more cases foreclosures are being contested and overturned.

The issues are many, including things such as robo-signing, MERS, fraudulent notarizations and the failure on the part of lenders to prove that they have the Standing to foreclose. The questions are many as well, such as will foreclosures already decided be overturned, will new homeowners who purchased REO’s from bank be forced out in favor of the original delinquent homeowner and will title insurers be on the hook?