Bulletin: SLS00219

Date:
September 20, 2004
To:
All Issuing Offices
RE:
Closing Alert - CLS Financial Services, LLC (and related entities)

Dear Associates:

Please be advised that CLS Financial Services, LLC has filed for bankruptcy in Case number 04-14599 in the Western District of Washington. The following entities have been consolidated into the same bankruptcy filing:

AFTS LLC Alder Court Properties LLC
Bellevue Property LLC CLS Financial Services Inc
Consolidated Management Association LLC Granite Northwest LLC
Heathfield Country Estates LLC Homesmart Loan Center LLC
Honey Crest LLC Juanita Bay Properties LLC
M Street Development LLC Park Place Partners LLC
PSIG-One LP SPIG-Two LP
Puget Sound Appraisal Group Inc Puget Sound Construction of Washington Inc
Puget Sound Real Estate Services Group Inc RMX Reit Inc
Sunset Brokers LLC Pinnacle Group of Washington Inc

If your office has closed or has any pending transactions or receives any orders involving these entities, please contact the following individual IMMEDIATELY:

John W. Jones
V.P. & National Underwriter
Stewart Title Guaranty Company
National Title Services
1000 Second Avenue, Suite 1620
Seattle, WA 98104
Phone: 206-770-8880
E-mail: john.jones@stewart.com

For on-line viewing of this bulletin, log onto http://specialalerts.stewart.com/

THIS BULLETIN IS FURNISHED TO INFORM YOU OF CURRENT DEVELOPMENTS. AS A REMINDER, YOU ARE CHARGED WITH KNOWLEDGE OF THE CONTENT ON VIRTUAL UNDERWRITER  AS IT EXISTS FROM TIME TO TIME AS IT APPLIES TO YOU, AS WELL AS ANY OTHER INSTRUCTIONS. OUR UNDERWRITING AGREEMENTS DO NOT AUTHORIZE OUR ISSUING AGENTS TO ENGAGE IN SETTLEMENTS OR CLOSINGS ON BEHALF OF STEWART TITLE GUARANTY COMPANY. THIS BULLETIN IS NOT INTENDED TO DIRECT YOUR ESCROW OR SETTLEMENT PRACTICES OR TO CHANGE PROVISIONS OF APPLICABLE UNDERWRITING AGREEMENTS. CONFIDENTIAL, PROPRIETARY, OR NONPUBLIC PERSONAL INFORMATION SHOULD NEVER BE SHARED OR DISSEMINATED EXCEPT AS ALLOWED BY LAW. IF APPLICABLE STATE LAW OR REGULATION IMPOSES ADDITIONAL REQUIREMENTS, YOU SHOULD CONTINUE TO COMPLY WITH THOSE REQUIREMENTS.

References

Bulletins Replaced:
None
Related Bulletins:
None
Underwriting Manual:
None
Exceptions Manual:
None
Forms:
None