STG Marketability Endorsement Guideline 2
Explanation:This endorsement agrees that willingness to reissue a policy satisfies the obligation of unmarketability insurance concerning a specific exception.
Underwriting Requirements:(1) An Underwriter must approve issuance of the endorsement.
(2) The Company must be satisfied that the risk is still reasonable under the circumstances, since the policy still insures against enforcement of the defect.
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):