Bulletin: NY000055

Date:
September 09, 1994
To:
New York State Counsel, Managers, Underwriters and Agents
RE:
1 Lighthouse Road, Great Neck (Nassau County) NY Section 1, Block 148 Lot 1 Notice of Pendency - Action for Specific Performance

Dear Associates:

If you have a pending title order on the captioned property, do not close unless you have a cancellation of a notice of pendency and discontinuance with prejudice, of action for specific performance of a real estate contract, entitled Davoud Arabian v. Haim Sarafzadeh.

Apparently not trusting the Nassau County Clerk to index the lis pendens on a timely basis, the plaintiff's attorney, Jacob S. Shakarchy of Bobrow Greenapple Skolnick & Shakarchy, P.C., has notified us by fax of this development. Since actual notice may be as good as record notice, we are passing this information on to you.

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