Bulletin: MI2009003

Date:
October 12, 2009
To:
All Michigan Issuing Offices
RE:
Tax Titles

Dear Associates:

Please be advised that it is the Company's underwriting position not to insure "tax titles" in Michigan. Please secure approval from the Michigan Legal Department or a Senior Underwriter to insure title to property where the owner's/borrower's title interest emanates from a tax foreclosure or tax deed in the chain of title. Please also note that we shall no longer accept tax Certifications produced by a tax title search service/vendor that purport to certify the validity of the tax foreclosure process as the basis of insuring title in Michigan. This Bulletin replaces all previously issued Michigan bulletins on this topic.

If you have questions relating to this bulletin, please contact your local underwriting personnel.

This bulletin relates solely to the State of Michigan.

For on-line viewing of this and other bulletins, please log onto www.vuwriter.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:
MI000017 This Bulletin has been replaced by MI2009003.
Related Bulletins:
None
Underwriting Manual:
None
Exceptions Manual:
None
Forms:
None