Bulletin: WV000002

Date:
February 21, 1994
To:
All Stewart Title Agents
RE:
Obtaining Releases from the RTC

Dear Associates:

Many of us have found unreleased Deeds of Trust when we "know" the debt has been paid but the lien not released of record and the Lender involved has been taken over by the Resolution Trust Corporation. You can send any evidence of payment you have, such as a payoff letter from the lender, a copy of the canceled check paying off the loan, and/or a HUD-I showing payment to the address listed below to obtain a release. If you do not have the evidence of payment, but due to the facts of a particular situation believe the debt has been paid, make your request for a release to the same office.

Resolution Trust Corporation
Document Administration
c/o Coopers & Lybrand
1100 Campanile Building
1155 Peachtree Street
Atlanta, Georgia 30309-3630

Telephone #:(404) 870-1483
Fax #:(404) 870-1239

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:
12.28 Mortgages
Exceptions Manual:
WV Mortgages
Forms:
None