Hallmark Abstract Service New York, Title Insurance New York

The Hallmark Abstract Sentinel has moved!

Hallmark Abstract Service blog

The Hallmark Abstract Sentinel has moved to a new location!

Click to find out where we are and hit the Follow in the lower right-hnd corner so you don’t miss anything!

The Hallmark Abstract Sentinel has been incorporated into the Hallmark Abstract Service website together with the same great content and information our readers find both enjoyable and useful!

If you would like to renew your email subscription or begin receiving notification every time a new article is available from Hallmark Abstract Service, please visit us using the link below and click on the Follow tab in the lower right-hand corner of the page once you get there!

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New York City luxury real estate, Title Insurance New York

The ultimate in New York City living! (Photos)

new york city real estate

Very few Americans live life in the style that whoever buys this New York City townhouse has obviously grown, or will grow, accustomed to!

On the market with an asking price of $114MM it provides all of the luxury that any buyer could possibly imagine and then some!

But remember that $114MM is only the asking price and that you could come in at say $90MM to try and steal it!

apartment 2 apartment 3 apartment 4 apartment 5 new york city luxury townhouse

Photos courtesy of Curbed

For questions about title insurance or to compare the title bill for your New York residential or commercial real estate purchase or refinance please visit Hallmark Abstract Service at http://www.hallmarkabstractllc.com or send us an email at orders@hallmarkabstractllc.com.

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Business, Title Insurance New York

Business Links of Interest for Monday, December 16, 2013!

2014

With this the final full week before Christmas and New Years it’s a good time to look ahead to 2014 and new strategies that we might be thinking about implementing or stories that may have an impact in one way or another on our business!

These links are to articles that may be of interest.

Starting the Year Right: Business Development Goals for Every Lawyer – While attorney’s are the target audience of this article, the advice can actually be applied to just about any business!

Listing appointment a prime opportunity to dispel pricing myths, learn true motivation for selling – Once again, while this article focuses on establishing rational pricing expectations for the sellers of real estate, in any business that’s not commodity in nature this process is critical, particularly for new prospects!

55+ Housing Market Confidence Is Breaking Records – As Baby Boomers continue the aging process (the alternative is not a particularly good one) it’s a positive sign for those of us approaching the milestone of age 55 that our options for housing will likely be expanding. At the same time for any number of businesses this growing market segment will provide an outstanding opportunity!

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Title Insurance New York

Wanted: A few good salespeople!

Hallmark Abstract Service New York State title insurance

Hallmark Abstract Service is currently in a growth phase and seeks qualified business development professionals who have what it takes to join our team!

If working with a firm like ours sounds like it may be interesting to you:

  • HAS was founded in 2008 at the height of the financial crisis to fill-in the gaps that were left by firms who for a variety of reasons were leaving the business;
  • HAS management has a laser-focus on our clients satisfaction and treats every deal regardless of size as if it is our most important one…because it is;
  • HAS currently has an even split between commercial and residential transactions;
  • HAS underwrites through the Chicago Title Corporation;
  • HAS was nominated Best Title Agency for 2013 in the New York Law Journal Reader Rankings;
  • HAS management cumulatively has decades of experience in title and real estate related businesses;
  • HAS provides our salespeople with flexibility and generous commission splits based on experience and deal flow;
  • HAS will consider those who have prior title experience as well as those who don’t;
  • At HAS there is no corporate bureaucracy to deal with.

Please send your resume to us at orders@hallmarkabstractllc.com.

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Save money on title insurance in New York

Title Insurance New York

Saving Money on Title Insurance in New York!

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Business management, Business Management and Productivity, Title Insurance New York

Productivity tips from throughout history!

business

Businesspeople, whether sole practitioners or manager of hundreds, face the daily hurdle of maintaining the productivity level of themselves and of others!

There’s no question that on some days it can certainly be a challenge to maintain the desired intensity level but,  as we have witnessed throughout history, others have faced this problem and have persevered.

Here is a list of 25 of these people and the methodology that they used to maintain their productivity level.

1. Like many of us, Beethoven started his day by making coffee. He insisted on using 60 beans per cup.

2. Benjamin Franklin was “early to bed, early to rise,” and in his later years, early to take it all off. Franklin’s morning “air baths” consisted of reading and writing completely starkers for about an hour. Then he put his clothes on and got back to work.

3. Many famous writers and artists made sure to eat breakfast. Victor Hugo preferred his eggs raw.

4. Before Freud went into the office, he got a daily house call/beard trimming from his barber.

5. Agatha Christie never owned a desk. She wrote her 80 novels, 19 plays, and numerous other works wherever she could sit down.

6. Ernest Hemingway wrote standing up.

7. Thomas Wolfe also wrote standing up, using the top of a refrigerator as his desktop. (He was 6’6″.)

8. Some people actually get work done at Starbucks. Rainbow Rowell, author of the critically acclaimed YA novel Eleanor and Park, has written all of her books at the coffee chain.

9. Richard Wright did all of his writing, rain or shine, on a bench in Brooklyn’s Fort Greene Park.

10. Maya Angelou is incapable of writing in pretty surroundings. She prefers working in nondescript hotel and motel rooms.

11. It wasn’t that Frank Lloyd Wright necessarily worked well under pressure. He just wouldn’t sketch anything until he’d worked out an entire design in his head.

12. Truman Capote told The Paris Review, “I can’t think unless I’m lying down.” Neither could Proust.

13. When composer Igor Stravinsky felt blocked, he’d stand on his head to clear his mind.

14. Woody Allen gets in the shower — sometimes multiple times per day — when he needs a mental boost. (Here’s why his habit just might work.)

15. Classical pianist Glenn Gould fasted on days he recorded music. He thought it made his mind sharper.

16. German poet Friedrich Schiller insisted that the smell of apples rotting in his desk drawer stimulated his creativity.

17. Sometimes focusing is the issue. While writing The Corrections, Jonathan Franzen worked at his computer wearing earplugs, earmuffs and a blindfold.

18. Stephen King writes every day of the year and aims for a goal of 2,000 words each day. (It usually takes about five hours.)

19. Starting in 1950, Vladimir Nabokov wrote first drafts on index cards. This way, he could rearrange paragraphs and chapters with a quick shuffle. Once the author knew what order he wanted, his wife, Vera, typed them into one manuscript.

20. When Anthony Trollope finished writing one book, he immediately started another. Henry James did the same thing.

21. Theologian Jonathan Edwards, most famous for the sermon “Sinners in the Hands of an Angry God,” didn’t have the luxury of Post-it notes or a portable pen. When he had ideas while horseback riding, he’d associate a single thought with a section of his clothing and then pin a piece of paper to that area. When Edwards returned to his desk, he’d unpin the papers and write down the thoughts.

22. After dinner, Mark Twain read the day’s writing aloud to his family to get their feedback.

23. While writing Interview with the Vampire, Anne Rice appropriately slept all day and worked all night. She likes to follow this schedule to avoid distractions.

24. Writer Jerzy Kosinski got eight hours of sleep each day, but he didn’t get it all at once. He woke at 8 a.m. and then slept four hours in the afternoon. Then he woke again, continued working until the wee hours, and slept four more hours before starting the next day.

25. Night owl Willem de Kooning often wore a hat and coat while he painted — his studio turned off the building’s heat after 5 p.m.

List courtesy of The Week

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Title Insurance New York

Title Insurance: A General Tutorial!

Hallmark Abstract Service Jericho, New York

Why Title Insurance Is Vital For A Homebuyer!

Today more than ever, consumers are reminded that in order to have peace of mind, they should purchase an owner’s title insurance policy whenever they buy a home.

This is especially true when buying a property that has been foreclosed. Anyone who purchased an owner’s title insurance policy when they acquired a foreclosed property will be protected if ownership issues arise due to a lender’s foreclosure documentation practices. An owner’s policy provides assurance that your title company will stand behind you if a covered title problem arises after you buy your home.

The bottom line is that your title company will be there to pay valid claims and cover the costs of defending an attack on your title. Title insurance compensates and provides legal representation to real estate owners and lenders against any financial loss that might arise because of undiscovered liens, encumbrances or defects in the title to the property.  These defects can result in total losses, where a defective foreclosure or forgery means legal title is not actually conveyed, or they can result in partial losses where a neighbor’s garage or fence encroaches on the insured property.

There are two basic types of title insurance policies. A lender’s policy, usually based on the dollar amount of the loan, protects only the lender’s interests in the property should a problem with the title arise. Similarly, an owner’s policy, usually based on the home’s total purchase price, protects only the homebuyer’s interests in the property should a problem with the title arise. An owner’s policy will provide protection against ownership challenges, errors or omissions in deeds, mistakes in examining records, missed liens, forgery and undisclosed heirs, among other things.

Unlike most other types of insurance, you pay a one-time premium at the time of your home purchase for coverage that continues as long as you or your heirs own the property. Depending on where you live, the cost of an owner’s policy is marginal when a lender’s policy is also being issued.  This “simultaneous issue” discount means you do not pay full premium for owner’s and lender’s policies.

In all transactions, a search of public land records affecting the property is conducted to make sure a homeowner has clear title to their property.  The title agent will scrutinize prior deeds or mortgages, divorce decrees, court judgments, delinquent taxes and child and spousal support payments, vesting, covenants, conditions and restrictions, general encumbrances, and utility or other kinds of easements. A history of ownership of the property is created, called an abstract, and steps may be taken to cure title issues that are discovered.  This may include correcting recording and indexing errors in the public record, correcting misspelled names or incorrect legal descriptions. According to the American Land Title Association, the title insurance industry cures defects in public records in more than 35 percent of all transactions.

Some examples of documents that can present unexpected title issues include:

  • Deeds, wills and trusts that contain improper wording or incorrect names;
  • Outstanding mortgages and judgments, or a lien against the property because the seller has not paid his taxes;
  • Easements that allow construction of a road or utility line;
  • Pending legal action against the property that could affect a purchaser; or
  • Incorrect notary acknowledgements.

Some examples of issues which can present title claims under your policy include:

  • A forged signature on the deed, which would mean no transfer of ownership to you;
  • An unknown heir of a previous owner who is claiming ownership of the property;
  • Instruments executed under an expired or a fabricated power of attorney; or
  • Mistakes in the public records.

The majority of the one-time title insurance premium covers the cost to discover, identify and repair issues caused by events that occurred in the past. Because of these preventive measures, title insurance is fundamentally different from all other forms of insurance, which charge annual premiums to provide insurance protection for future events. The curative work performed by title agents minimizes the fear, disruption and distress that title claims have on homeowners.

One way to compare title insurance to other lines of insurance is to imagine if a homeowner’s insurance agent came into a home and inspected all of the wiring at no additional cost to the owner. The agent then repaired any and all faulty or frayed wiring at no cost and guaranteed that none of the wiring that was repaired or any wiring that the agent could not see, would cause a fire. Finally, the agent charged a one-time fee for the inspection, repairs and guarantee that would be in effect as long as you or your heirs owned the property. The title industry finds the faulty wiring, fixes the faulty wiring and charges a one-time premium to guarantee its work, based on the value of the property.

When property changes hands in the United States, it is through a private contract that is recorded in the public record. No matter the type of purchase, but especially a foreclosure, it is important that all documentation is in order. Commitment to accuracy and quality assurance is the foundation of title insurance. This commitment ensures fewer problems for homeowners and provides assurance that they won’t lose their investment.

Consumers have a choice when shopping for a provider of their title insurance related services. When selecting a title insurance provider, consumers should always consider the company’s local expertise, service standards, market conduct and commitment to the local community. Consumers should also consider and compare all of the associated costs. Some rates may or may not include other services provided by the title company such as conducting the closing, preparing and notarizing documents and other services. When comparing one rate to another, be sure to get detailed information on what is included in that rate, so you are comparing equally. Asking questions can help the next time you buy or refinance a home. When refinancing with your existing lender, ask for a copy of your original lender’s title insurance policy. When purchasing a home, ask your real estate agent or the home seller for a copy of any existing owner’s title insurance policy written on the property. When placing a title order, provide your settlement agent or lawyer with a complete, legible copy of any prior title policies. Finally, ask your settlement agent or lawyer if any discounted title insurance rates are available based on your situation.

Title insurance and related services are regulated at the state level, so keep in mind that the process can vary from state to state and even from county to county. Be sure to ask how it’s done in your area so you know what to expect.

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