eRecording now available in Wayne County, NY

Another county in New York State has begun eRecording documents and A&G Title is ready to do it! We have been eRecording documents in other counties across New York for close to two years now and as the list of counties keeps growing – we just add it to our options and we are ready to go!

For the official blog from CSC – our partner in eRecording – click here.

 

838 – ready or not here it comes!

It’s coming – this weekend! Are you ready?

On August 19, 2017 the new 838 area code goes into effect.

Currently the 518 area code encompasses Albany, Clinton, Columbia, Dutchess, Essex, Franklin, Fulton, Greene, Hamilton, Montgomery, Rensselaer, St. Lawrence, Saratoga, Schenectady, Schoharie, Warren and Washington counties. The new 838 area code will be overlaid in the same 17 county geographic area.

Have you gone through the contacts on your home and mobile phones and added a 518 to all your numbers you frequently call?

Will you remember to dial 518-xxx-xxxx when you call to order pizza?

There is definitely a learning curve associated with this new area code arriving this weekend but at least with the invention of smart phones you change it once and it remembers.

Some facts about the 838 area code:

  • Our telephone number (and yours) will not change. You just have to dial 518 first.
  • Calling someone who was assigned a 838 number – you will need to dial area code + telephone number. It will still be a local call.
  • Dial 911. Not 518-911 or 838-911. 911 will continue and always be just 911.
  • If you have 211, 311 etc. available in your area – they too will just be dialed as normal

If you forget the area code and only dial the 7 digits – you will get a recorded message stating your call can not be completed as dialed.

So remember – our phone number is now 518.674.1131. We look forward to hearing from you!

 

 

Chenango County, NY is now eRecording…

Chenango County, NY is now electronically recording (eRecording) real estate documents.

The eRecording process is the future of the home buying process and A&G Title is on the forefront of Title Agencies prepared to handle this new and improved method!

While not all counties in New York are eRecording – the list keeps growing.  Our partnership with CSC eRecording allows us the ability to eRecord in counties as they become available.

Please let us know if you have any questions…

Genesee County, NY is now eRecording!

The list keeps growing and we are ready! Genesee County, NY is now electronically recording (eRecording) real estate documents.

The eRecording process is the future of the home buying process and A&G Title is on the forefront of Title Agencies prepared to handle this new and improved method!

While not all counties in New York are eRecording – the list keeps growing.  Our partnership with CSC eRecording allows us the ability to eRecord in counties as they become available.

Please let us know if you have any questions…

For the official announcement from CSC eRecording – click here.

Fulton County NY is eRecording Title Documents

Fulton County, NY is now electronically recording (eRecording) real estate documents.

The eRecording process is the future of the home buying process and A&G Title is on the forefront of Title Agencies prepared to handle this new and improved method!

While not all counties in New York are eRecording – the list keeps growing.  Our partnership with CSC eRecording allows us the ability to eRecord in counties as they become available.

Please let us know if you have any questions…

For the official announcement from CSC eRecording – click here.

Columbia County NY is now eRecording real estate documents!

Columbia County, NY is now electronically recording (eRecording) real estate documents.

The eRecording process is the future of the home buying process and A&G Title is on the forefront of Title Agencies prepared to handle this new and improved method!

While not all counties in New York are eRecording – the list keeps growing.  Our partnership with CSC eRecording allows us the ability to eRecord in counties as they become available.

Please let us know if you have any questions…

For the official announcement from CSC eRecording – click here.

Pen on Book

Providing an off-campus alternative for your child…

From the HousingWire publication… for the original article link click here.

Should you buy property for your college student to use while in college?

You’re already helping pay for your kid’s expensive college education, so the idea of also buying a house on top of that might sound crazy. But according to one real estate agent, buying a property for your kid to use while in college could have some real financial benefits and possibly turn into a profit if it’s right for you.

Room and board is the second-highest expense for college students. Room and board on campus for a private, nonprofit, four-year college or university can average $11,516 a year. Going a little cheaper, on-campus room and board for an in-state public four-year college or university can average $10,138 a year, which isn’t much cheaper, according to the College Board’s website.

This can quickly add up after four years.

To help explain the benefits and risks of buying a home for your college student to use, Orlando Regional Realtor Association President John Lazenby, with the Colony Realty Group, lists the facts, pros, cons and tips when it comes to making a decision.

“When purchasing a home for your student, it’s vital to understand that owning a rental property is a business, and problems are likely to arise,” said Lazenby, who bought a home for his son to live in while he went to college.

“Like most business ventures, a full understanding of the arrangement by everyone involved is key, even if your child’s friends are also tenants – it can be great, but it can also create some uncomfortable situations. It’s something we would do again.”

Facts

  • Purchasing real estate is a long-term investment, and typically it takes about seven years for the investment to increase in value enough to exceed the costs associated with buying and selling the property, so you’ve got to be prepared to stick it out for a while.
  • Although the purchase process (buyer-seller contract negotiation, inspection, closing, etc.) is similar for primary and secondary residences, you’ll find major differences in getting a second-home mortgage.

Pros

  • Money that would typically go toward renting an apartment or dorm instead goes to an investment in homeownership.
  • Income from roommates or tenants after graduation can meet or even exceed the home’s mortgage and related maintenance costs.
  • The house can provide you student with increased responsibility and real-life experience.

Cons

  • It’s not possible to control the local housing market or economy, so an increase in value can’t be guaranteed.
  • Second-home loans usually require more money down and better credit scores, and lenders take an in-depth look to ensure that a second-home buyer is financially capable of paying two mortgages – they even have formulas for calculating shortages in expected rental income.
  • Property tax rules and possible deductions for second homes are very complicated and vary widely, so it’s important to talk with a tax professional before buying a second home.

Tips

  • Carefully consider your current financial position and be sure you can fully support the extra mortgage and maintenance costs of a second home for an extended period of time, even if rental income will be provided by the students’ roommates.
  • Whether you’re familiar with the area or not, consult with a Realtor. A Realtor can provide extensive information about the current conditions and history of the local housing market and are also usually well-versed in the idiosyncrasies of a college’s location/population.
    • Will the house sit empty a few months during the summer? Is it in an area that students like?
  • To best ensure the house retains its own value, maintain it with proper upkeep inside and out, as well as landscaping and major systems.
  • Since it can take a while to see an increase in value that’s enough to offset the costs of buying and selling the property, be prepared to hold on to it for a while – purchase the property before a student starts school, and hold on to it for a few years after graduation (or through graduate school or siblings).

Schenectady County is now eRecording!

Schenectady County, NY is now electronically recording real estate documents through Corporation Service Company (CSC). A&G Title has been eRecording with numerous other counties in NY through CSC and are prepared to eRecord in Schenectady County now!

The list of counties eRecording in New York just keeps on growing! Please let us know if you have any questions…

For the announcement from CSC eRecording – click here.

2016-2017 SCHOOL TAX ESCROWS/STAR EXEMPTION

ag-title-logo

MEMO

 

FROM:                 A & G TITLE AND SETTLEMENT SERVICES

TO:                       CLIENTS/ATTORNEYS/LENDER ATTORNEYS

SUBJECT:           2016-2017 SCHOOL TAX ESCROWS/STAR EXEMPTION

DATE:                 July 15, 2016

 

It’s that time of year again!

The changes to the STAR Exemption program have necessitated a change in our calculation for escrow amounts for the 2016-2017 School tax bills.

The NYS Department of Taxation and Finance has instituted a change in the way the STAR Exemption is credited to the homeowner – please click here to see notice. Instead of a deduction in the bill that is issued in September, a refund check is now issued to the homeowner by the NYS Department of Taxation and Finance.

Please be sure to calculate the escrow amount held by A&G Title using last year’s school tax amount without exemptions.  We will continue to hold 25% above the prior year’s taxes, to accommodate for the increase in yearly tax amounts. We will also continue to charge an $85 Tax Escrow Holding Fee.

Thank you, in advance, for your assistance and attention to this matter.

Please feel free to contact our office should you have any questions, or require any further information.

 


 

HEADQUARTERS: 1122 Burden Lake Road, Averill Park, NY 12018   P 518.674.1131  F 518.674.4132

www.agtitleservices.com        info@agtitleservices.com

 

Issuing agent for Chicago Title Insurance Company and Westcor Land Title Insurance Company