Eastern Abstract Corp.

Phone - (718) 654-2000
Fax - (718) 654-2221

News and Important Announcements

Decisions and changes are made which affect our industry, and we will do our best to have them posted here as quickly as possible, so that you are not left at a closing with an outdated form, inaccurate transfer or recording rates or crucial information concerning the validity of checks (for instance). If you have any comments or suggestions, please let us know!
In the coming weeks, we will be providing you with updates regarding the CFPB (Consumer Financial Protection Bureau) mandated changes to the industry as it relates to mortgages, title insurance, and more specifically to closings.  

One of the documents the CFPB has prepared for all consumers entering in to a mortgage is a "Tool Kit" which walks consumers through a wide variety of information, including how paying points up front will affect their monthly payment.  There are various charts, diagrams, and interactive elements to this took kit brochure.  Please click here in order to browse through this yourself, or to forward to one of your clients.

Additionally, we have updated and I hope clarified recording charges for most counties in the downstate area.  They can be found here, by county.  One of the clarifications the Title Industry has been called on to make is the separation of the recording fee and the service fee to record said document.  The numbers listed for each document is exclusive of the service fee.  There is a service fee to record each document.  As always, if you have any questions, please feel free to contact our office!
Eastern is an Agent for some of the largest Title Insurance Underwriters in the business (First American, Commonwealth, Fidelity, and Westcor) and we have the ability to handle any size project you are undertaking!  Additionally, by being able to write for these four outstanding Underwriters, we are able to more easily clear-up issues and clouds on title, insure continuity and chain of ownership.
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