Bulletin: NYSA000062

Date:
March 02, 2005
To:
All New York State Office Counsels, Managers and Agents
RE:
Underwriting Alert

Please consult with Legal Department personnel prior to insuring any transactions involving the following property:

92-32 Union Hall Street a/k/a 160-31 Archer Avenue, Jamaica New York

LEASE BE ADVISED THAT THE TITLE TO THIS PROPERTY IS PURPORTEDLY BEING CONVEYED BY A REFEREE IN A TAX LIEN FORECLOSURE. WE HAVE BEEN ADVISED THAT A MOTION IS CURRENTLY PENDING IN SUPREME COURT, QUEENS COUNTY, SEEKING TO HAVE THE REFEREE'S SALE SET ASIDE ON PROCEDURAL GROUNDS.

DO NOT INSURE TITLE TO THIS PROPERTY WITHOUT PRIOR COMPANY APPROVAL.

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