CLTA Forced Removal of Improvements Encroaching into Street Endorsement Guideline 103.9
Explanation:Provides the lender with insurance against the forced removal of improvements encroaching into public streets when located and constructed according to plans and specifications.
Underwriting Requirements:(1) The issuance of this endorsement is conditioned upon the determination that encroachments are relatively minor and the possibility of loss remote.
(2) In order to minimize the risk under this endorsement, a consent or permit should be obtained from the appropriate governmental body.
(3) Questions about the issuance of this endorsement should be directed to the appropriate Stewart Title Guaranty underwriting personnel.
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):