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.”


  • 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.


  • 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.


  • 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.


  • 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.








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


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


ALTA’s response to the CFPB…

ALTA Press Release

For Immediate Release

ALTA Committed to Consumer Transparency as CFPB Opens Door to Clarify TRID

Washington, D.C., April 28, 2016 — The American Land Title Association (ALTA), the national trade association of the land title insurance industry, released the following statement in response to Consumer Financial Protection Bureau (CFPB) Director Richard Cordray’s letter to financial services joint trade associations today:

“ALTA’s primary goal for proposed adjustments to TRID (Know Before You Owe) this July is ensuring consumers receive clear information about their title insurance costs on the closing disclosure,” said Michelle Korsmo, ALTA’s chief executive officer. “The current disclosure calculation is inconsistent with the Bureau’s mission to inform consumers about the true costs of their real estate transaction.”

“ALTA appreciates Director Cordray and the CFPB stepping up to the plate and committing to provide more clarity on TRID. We value their openness in this process moving forward. We have worked closely with the Bureau for over five years on TRID. We are committed to continuing our conversation with Director Cordray and the CFPB staff to correct the calculation of title insurance policy premiums on the mortgage disclosures this summer.”

“The complexity of TRID makes it difficult for mortgage originators and secondary market investors to determine if they have complied with this massive regulation. ALTA will use this opportunity to work with the CFPB to ease this uncertainty for our members.”


The American Land Title Association, founded in 1907, is the national trade association representing 6,000 title insurance companies, title and settlement agents, independent abstracters, title searchers, and real estate attorneys. With offices throughout the United States, ALTA members conduct title searches, examinations, closings, and issue title insurance that protects real property owners and mortgage lenders against losses from defects in titles.

Connect with ALTA on Facebook here. Follow ALTA on Twitter here.

– See more at: ALTA Press Release

Broome County is now eRecording!

Broome 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 Broome County now!

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

Religious Corporations Law Section 12 Amended

Posted on January 14, 2016 by dchorny

Back on July 1, 2014, several changes were made to the New York Not-For-Profit Corporation Law (“NFP”). The Non-Profit Revitalization Act of 2013 amended the NFP law in a few ways.  Among other things it replaced the then four types of NFP corporations (Type A, B, C and D) with just two, namely “charitable” and “non- charitable corporations”.  Type B and C corporations as well as Type D corporations formed for charitable corporations were now deemed “charitable corporations”.  Type A and all other Type D corporations were now deemed “non-charitable corporations”.

NFP Law Section 510 (a) (3) was also amended to provide that the sale, lease, exchange or other disposition of all or substantially all of the assets of a “charitable corporation” can be achieved by either obtaining a court order in accordance with NFP Section 511 or by obtaining the approval of the New York State Attorney General in accordance with NFP Section 511-a. (Prior to these changes the only option for a Type B or C corporation  that was disposing of all or substantially all of its assets was to obtain a court order.)

What the Non-Profit Revitalization Act of 2013 did not do was change what was required of a religious corporation that was selling, mortgaging or leasing its real property.  A religious corporation was still required by Religious Corporation Law Section 12 to get court approval for the disposition of its real property.

On December 11th, 2015, Section 12 of the Religious Corporation was amended to now also give religious corporations the option of obtaining approval from the Attorney General alone. A court order is no longer the exclusive method for a religious corporation to obtain approval to sell, mortgage or lease real property.

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Nassau County is now eRecording!

Another county is eRecording! The list just keeps on growing!

In a note from CSC eRecording – Please be advised Nassau County has a new e-recording system all together and are working through the process so please be patient as they work through the details.


Otsego County is now eRecording

A&G Title and Settlement Services along with CSC is pleased to announce that eRecording is now available in Otsego County. If you are in this county or do business in this county and you are interested in eRecording documents or a further explanation of what this means, please don’t hesitate to call or email us.

If you are interested in what other counties eRecord in New York State – click here.