Bulletin: NY000525

Date:
February 26, 2013
To:
All New York State Agents, Office Counsel and Managers
RE:
Village of Island Park Tax information

Recently, Stewart has learned that tax records for the Village of Island Park, on Long Island, New York, have been destroyed by Hurricane Sandy.  The Municipal and Tax searchers are indicating that they cannot search lien information for open taxes and/or arrearages. 

In the event you are asked to insure a title within the Village of Island Park, you must except all Village of Island Park taxes and municipal charges.  As an alternative, you may omit taxes with a paid in full receipt (original only) with supporting cancelled check.  The original receipt must be issued by the Village of Island Park and state that all current taxes and arrearages and all municipal charges, are paid in full through the date of closing.

If you have any questions relating to this or other bulletins, please contact a Stewart Title Insurance Company Legal Services Representative at 212-922-0050.

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