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.
Special Alert: SLS00219
Search the Database
Before closing a transaction, all issuing offices must search the names of the parties to the transaction, including the seller, buyer/borrower, payoff lender and new lender, using the Special Alerts database. Go to the Special Alerts database to search for specific names, entities and properties.
Special Alert: SLS00219
Dear Associates:
Please be advised that CLS Financial Services, LLC has filed for bankruptcy in Case number 04-14599 in the Western District of Washington. The following entities have been consolidated into the same bankruptcy filing:
| AFTS LLC | Alder Court Properties LLC |
| Bellevue Property LLC | CLS Financial Services Inc |
| Consolidated Management Association LLC | Granite Northwest LLC |
| Heathfield Country Estates LLC | Homesmart Loan Center LLC |
| Honey Crest LLC | Juanita Bay Properties LLC |
| M Street Development LLC | Park Place Partners LLC |
| PSIG-One LP | SPIG-Two LP |
| Puget Sound Appraisal Group Inc | Puget Sound Construction of Washington Inc |
| Puget Sound Real Estate Services Group Inc | RMX Reit Inc |
| Sunset Brokers LLC | Pinnacle Group of Washington Inc |
If your office has closed or has any pending transactions or receives any orders involving these entities, please contact the following individual IMMEDIATELY:
John W. Jones
V.P. & National Underwriter
Stewart Title Guaranty Company
National Title Services
1000 Second Avenue, Suite 1620
Seattle, WA 98104
Phone: 206-770-8880
E-mail: john.jones@stewart.com
For on-line viewing of this bulletin, log onto http://specialalerts.stewart.com/
References
- Bulletins Replaced:
- None
- Related Bulletins:
- None
- Underwriting Manual:
- None
- Exceptions Manual:
- None
- Forms:
- None