Bulletin: NY000214

Dear Associates:

On or about September 30, 2003 the State of New York Municipal Bond Bank Agency (MBBA), purchased various tax liens from the cities of Buffalo, Syracuse, Binghamton and Plattsburg. The conveyance of these liens will be evidence by a tax lien certificate. Once the tax lien certificates have been transferred the lien of taxes may only be redeemed through the servicing agent of MBBA, which is:

JER Revenue Services, LLC
6 Devine Street
North Haven, CT 06473
866-226-3002

This conveyance included City, County, Sewer, School and Water back taxes. The purchase by the state included only delinquent taxes that were in arrears from 2002 and older.

The county and city will still index the owed amounts by Tax account number, owner's name and street address. For the county of Onondaga they are developing a new electronic indexing system that will show the recent conveyance to the tax liens. At this time we are to continue ordering tax certificates from the local municipality if you were doing so beforehand.

If you have any questions or are conducting a closing that shows delinquent taxes in arrears from 2002 and older, and the property is located in Buffalo, Syracuse, Binghamton and Plattsburg feel free to contact your local Stewart Title Insurance Company Office.