Bitcoin, the health of housing and rich New Yorkers!

Written by Posted On Tuesday, 01 April 2014 03:28

These articles about Bitcoin and real estate, the Top 25 wealthiest NYC suburbs and the health of housing in your state were written at the Hallmark Abstract Service blog over the past two days.New York title insurance,closing costs,Chicago Title,NYC,Long Island

We welcome feedback as well as any suggestions for real estate content you would like to read going forward!

IRS ruling deals another blow to Bitcoin as a mainstream currency!

After Bitcoin faced the issues and turmoil surrounding Mt. Gox and the inability of owners to withdraw their money, now the IRS has issued a ruling that Bitcoin is not currency but is property.

Will this be the end for this cyber-currency for use in real estate transactions (and many other transactions as well) or just another bump in the road?
Read more in the article at HAS here.

Top 25 richest New York City bedroom communities!

Most people who follow real estate are well aware of the steep prices anyone will pay to either buy or rent in New York City.

But for the wealthy who look to live in the suburbs of NYC, where are the priciest places to buy?

Here is a list of the Top 25 at HAS!

How stable is your states housing market? (Interactive Chart)

The purpose of this Freddie Mac tool is to allow the user to monitor the health and the stability of the US housing market not only nationally, but on a state by state and Top 50 metro area basis as well!

See how your state is doing at HAS here.
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Michael Haltman

Hallmark Abstract Service provides title insurance for both residential and commercial real estate transactions in New York State.

Hallmark Abstract President Michael Haltman is also extremely involved with the combat veterans 501(c)(3) Heroes To Heroes Foundation, serving as the Board Chair.

Hallmark Abstract Service

In 2008 we opened our doors focused on two primary goals:

Number one was to be a title insurance company that would provide clients with a superior finished product that completely protects their interests for what will likely be one of the largest transactions of their lifetime.

Number two was to insure that the experience of working with Hallmark Abstract Service was as easy and seamless as possible for all parties involved in the transaction!

From the number of satisfied clients who come back to Hallmark Abstract Service time after time for their title insurance needs, the evidence bears out that we have accomplished these two goals in the past and will maintain our client centric focus far into the future!

Michael Haltman

Post 1984 MBA in Finance from the State University of New York at Albany that concentrated on the tax-exempt market, Michael became a municipal bond analyst at Shearson/Lehman Brothers tasked with following general obligation issuers on the city and state level as well as housing bonds secured by mortgage pools.

This experience at Shearson/Lehman Brothers followed by stints at PaineWebber and Citigroup provided a broad framework and understanding of the real estate and mortgage markets.

As CEO of Exeter Commercial which underwrote and funded commercial mortgage loans as a correspondent lender, title insurance played a critical role in both the underwriting and closing process.

In 2008 recognizing both an opportunity and need, Hallmark Abstract Service was born.

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