Bulletin: NY000344

Date:
February 28, 2008
To:
All New York State Office Counsel, Managers and Agents
RE:
Special Alert - TOUSA Bankruptcy (Engle Homes, et al)

The attached order was approved in January 2008.  It authorizes sales of homes free and clear of liens in the bankruptcy of the following debtors: 

TOUSA, Inc.
Engle Homes Commercial Construction, LLC
Engle Homes Delaware, Inc.
Engle Homes Residential Construction, LLC
Engle Sierra Verde P4, LLC
Engle Sierra Verde P5, LLC
Engle/Gilligan LLC
Engle/James LLC
LB/TE #1, LLC
Lorton South Condominium, LLC
McKay Landing LLC
Newmark Homes, LP
Preferred Builders Realty, Inc.
Reflection Key, LLC
Silverlake Interests, LLC
TOI, LLC
TOUSA Associates Services Company
TOUSA Delaware, Inc.
TOUSA Funding, LLC
TOUSA Homes Arizona, LLC
TOUSA Homes Colorado, LLC
TOUSA Homes Florida, LP
TOUSA Homes Investment #1, Inc.
TOUSA Homes Investment #2, Inc.
TOUSA Homes Investment #2, LLC
TOUSA Homes Mid-Atlantic Holding, LLC
TOUSA Homes Mid-Atlantic, LLC
TOUSA Homes Nevada, LLC
TOUSA Homes, Inc.
TOUSA Homes, LP
TOUSA Investment #2, Inc.
TOUSA Mid-Atlantic Investment, LLC
TOUSA Realty, Inc.
TOUSA, LLC
TOUSA/West Holdings, Inc. 

We have authorized reliance upon that order for individual sales of homes by each of the debtors. 

That order expires February 28, 2008, and will not apply to closings unless they are completed and funded on or before that date.  

Unless a subsequent acceptable order is entered on or before February 28, 2008, you should not insure on sales of homes by any of the debtors if the closing and funding do not occur by February 28, 2008. 

Please contact Stewart Title Insurance Company Agency Legal Services prior to insuring the sale of a home by any of these debtors after February 28, 2008.

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.

TOUSA, INC., et al - Case No. 08-10925-JKO (Please Click Here to View)

References

Bulletins Replaced:
None
Related Bulletins:
NY000311 Mortgage Lenders That Are The Subject Of Closing Alerts Or That May Be Troubled
Underwriting Manual:
None
Exceptions Manual:
None
Forms:
None