Bulletin: SLS00260

Date:
August 23, 2005
To:
All Issuing Offices
RE:
Closing Alert - Michael Cary, Builders Asset Recovery Corporation and related entities
Dear Associates:

Effective immediately, all policy issuing agents are instructed not to accept any orders or close any pending transactions involving the below listed individual or entities without obtaining express written approval from the listed Stewart Legal Services representative. 

Carefully check the full name and spelling of the entities listed below, as they may be similar to well known entities operating in your market.  This Bulletin is intended to alert you about transactions with entities which have names that are very similar but not the same as well known customers.

Michael G. Cary, (Sr., Jr. or otherwise) individually or as partner, officer, agent or any other representative capacity

Builders Asset Recovery                                         

Builders Asset Management                                               

Builders Assistant Management                             

Brighton Development Corp.                                               

Buescher Homes, Inc.                                              

Buescher Interest, Inc.                                             

Darling Homes, Inc.                                                  

DHD Asset Management Corp.                              

Drees Custom Home, Inc.

FSBMC, Inc.

Grand Homes 2005, Inc.

Harris Pauley Corp.

HDR Emerald, Inc.

Mercedes Builders, Inc.

MRL Leasing, Inc.

National Beauty Supply, Inc.

PHT Asset Management Corp.

Pulte Home Builders, Inc.

Reig Corporation

Sanders Custom Builders, Inc.

SBD Asset Management Corp.

Shaddock Builders & Developers

Sotherby Homes, Inc.

Virtue Investments, Inc.

Weekly Homes Inc.

WRH Asset Management Corp.

Young's Tank, Inc.

Young's Tank Leasing, Inc.

Youngs Capital, Inc.

 

If your office has recently closed or has pending transactions with the named individual or entities, please contact the following Stewart Legal Services representative IMMEDIATELY.

Stephen C. Reid, III

Vice President - Region Claims Counsel

Stewart Title Guaranty Company

15950 Dallas Parkway, Suite 100

Dallas, Texas 75248

Phone: (972) 308-8000

Fax: (972) 715-5626

Email: streid@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:
SLS00257 Closing Alert - Michael Cary, Builders Asset Recovery Corporation and related entities
Related Bulletins:
None
Underwriting Manual:
None
Exceptions Manual:
None
Forms:
None