Knowledge Library

NY Real Estate Attorneys Play Consumer Protection Role in Changing Era

by Alan Doran in the New York Law Journal

While the traditional responsibilities of real estate attorneys in New York are well understood, new and evolving consumer protection regulations, including the Dodd-Frank Wall Street Reform and Consumer Protection Act, the Consumer Financial Protection Bureau (CFPB) and the new TILA RESPA Integrated Disclosures (TRID) are...

Will the Future of Real Estate Include eClosings?

by Rachel D. Jaffe for Law.com

THWOMP! The mortgage lender’s counsel drops a five-inch stack of paper in front of an unsuspecting homebuyer fidgeting nervously at a closing table. Two to three hours later, the shell-shocked borrower emerges after scrawling their signature over and over on page after page, their cramped,...

Understanding The Economics Of Title Insurance

By Alan M. Doran and Rachel D. Jaffe on Law360

Title insurance economics — at both the industry and company levels — are widely questioned, often because title insurance has diametric characteristics compared to other forms of insurance, including basic underwriting theory, the time period covered, loss ratios, the way in which risk is priced,...

The potential cost of misunderstanding title insurance financing for NYS real estate buyers

by Daniel C. Price in the New York Real Estate Journal

Over the course of a real estate transaction, professionals must eventually speak to their clients about title insurance, a topic rife with misunderstanding and myth. Oftentimes the discussion is brief, and the costs associated with title insurance are perceived as fixed. But since it is one...

The potential cost of misunderstanding title insurance financing

by Daniel C. Price in HousingWire

New York State real estate buyers spent an estimated $817 million on title insurance in 2015 Over the course of a real estate transaction, professionals must eventually speak to their clients about title insurance, a topic rife with misunderstanding and myth. Oftentimes the discussion is brief, and...

Growing Your Business Opportunities by Helping First-time Homebuyers: Part One

Advising first-time homebuyers can be a unique challenge: often time-consuming, but with the potential to build long-term clients. Now there are many resources to save you time and make you a hero to these clients. Read on for specific ideas and guides, in this first...