Guest Author: Title Insurance: Determining an Insured’s Loss and Calculating the Damages, Adam Leitman Bailey
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?'
Title Insurance: An often misunderstood, and potentially not understood at all, product purchased by buyers of residential and commercial property in New York that will protect them in what very well could be the largest financial transaction of their lives!
The short explanation is that title insurance is ensuring that the buyer of property is receiving good, clean and clear title to that property. It is a critical protection but, because the buyers attorney will typically handle it, writing a check to the title company being used may be extent of the buyers knowledge of the purpose of title insurance.
Hallmark Abstract Service is grateful to be in a position to share the article at the link below authored by Adam Leitman Bailey and Josh Filsoof in the New York Law Journal. Mr. Bailey is the founder of the New York real estate law firm, Adam Leitman Bailey, P.C and Josh Filsoof is an Associate.
To read the article at the Hallmark Abstract Service blog, please click here.
Title closer
3yThank You for sharing that article from Adam Leitman Bailey.It was difficult but very informative and worth the read.