Bulletin: WA000054

Date:
February 10, 2003
To:
All Issuing Offices in Washington
RE:
Sales Following Foreclosure/Forfeiture/Deed in Lieu of Foreclosure

Dear Associates:

This is a reminder that the procedures addressed in Bulletin WA000035 dated 06/29/92 remains in effect with the following change in the paragraph to be set up as an exception to title.

Rights of any interested party to sue or petition to have set aside or contest a judicial or non-judicial foreclosure or forfeiture, or any deed pursuant thereto, provided the suit or petition is occasioned by acts or omissions of the foreclosing party.

Note: We may be willing to remove this exception upon a conveyance to a bona fide purchaser for fair market value.

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:
WA000035 Forced Sales
Underwriting Manual:
None
Exceptions Manual:
None
Forms:
None