For New York Homebuyers, An App That Puts Closing Cost Information, And More, At Your Fingertips!
Michael Haltman, Hallmark Abstract Service
CEO, Hallmark Abstract Service (New York Title Insurance); Board Chair Combat Veteran Heroes To Heroes Foundation; Podcast Host 'Do You Ever Wonder?'
Learn about the title insurance-related closing costs, and even have the opportunity to potentially negotiate them lower, BEFORE you get to the closing table!
As Francis Bacon so famously said, "Knowledge is Power'!
Remember that while the title insurance premium will be the same regardless of the company being used, title insurance companies are not all the same. This includes the ancillary fees being charged on your Title Bill, with a differential that can be as much as $500-$1,000!
New York title insurance company Hallmark Abstract Service has developed an App, free to use, that provides important information about closing costs and more, to New York homebuyers sooner, rather than later in a transaction (Register here: https://hallmarkabstractllc.titlecapture.com/login)!
Often homebuyers will first learn about the thousands of dollars they will be paying at the closing table, a day or two before the event. But it need not be that way as we shared in a recent article, For New York Homebuyers, Demystifying A Large Part Of The The Closing Table Experience!
The Hallmark Abstract Service App - Uncover many of the closing costs before you even put a bid on a home!
The technology that our firm developed allows, On Demand and for free, the creation of a title bill/closing costs for any property, at any purchase price and with any mortgage amount, in any town/city across New York State. (Register here: https://hallmarkabstractllc.titlecapture.com/login).
What is the benefit to the homebuyer?
To sum it up in one simple phrase, Knowledge is Power!
As consumers we are aware of the cost of everything, often shopping endlessly to investigate quality, then making sure we are paying the right price. This could be for an item costing $100 up to a home costing hundreds of thousands or millions.
Yet, when it comes to key protection for our new home, title insurance, we cede much of the decision-making to someone else. No doubt this person is a trusted advisor, but we feel the consumer should have the ability to quickly, easily, seamlessly and for free, learn for themselves!
This is an example in Manhattan, for a condo on East 61st Street with a purchase price of $1,300,000 and a mortgage amount of $800,000, generated with the Hallmark Abstract App (Register here: https://hallmarkabstractllc.titlecapture.com/login)...
If the home ultimately goes to contract and another title company is being used (remember that consumers have the right to choose the title company that they would like to use), this title bill can be used to negotiate the fees being charged if they are unreasonably high.
Ultimately there is little downside to trying this App, and we hope that you will and provide us with your feedback.
Register for the App, free to use: https://hallmarkabstractllc.titlecapture.com/login.
Contact Hallmark Abstract Service with any thoughts or comments at [email protected] or (646) 741-6101.
Mike Haltman, CEO
Hallmark Abstract Service
Helping Tech Companies in Portland Prevent Workplace Injuries and Optimize Employee Well-Being Through Expert Ergonomics Solutions
4 年Is this good for all US or just NY? Thanks
As an executive coach, I lead a professional training & development company. We improve operations, the bottom line, leadership/management/culture & productivity. Focused on ROI, we listen, coach, train, mentor, advise.
4 年Thanks, Michael Haltman. this sound slike it offers real value to those who need it.