NM Foreclosure Guarantee Policy Down Date Endorsement Guideline 42
Explanation:The Foreclosure Guarantee Policy Down Date Endorsement (NM 42) may be attached to the Foreclosure Guarantee Policy (NM 41).
Underwriting Requirements:We require the following:
1. A title down date shall be performed on the property and a Foreclosure Guarantee Policy Down Date Endorsement may be issued showing any changes in title to the property.
2. The endorsement premium shall be $25.00.
The underwriting guidelines contained herein have been provided for general reference. The facts, circumstances, and location of the subject property should be considered when determining the issuance of the requested form or endorsement. Please note that all of the forms and endorsements included in this system may not be available in all states. Accordingly, please contact the appropriate Stewart Title Guaranty Company underwriting personnel in order to determine availability.
Compliance with the underwriting guidelines contained herein in no way obligates Stewart Title Guaranty Company to issue any form or endorsement.
This guideline applies to the following form(s):None