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.
Bulletin: WA000054
Bulletins by State or Territory
Bulletins by Country
Bulletin: WA000054
V
1
Date: February 10, 2003
To:
All Issuing Offices in Washington
RE:
Sales Following Foreclosure/Forfeiture/Deed in Lieu of Foreclosure
Dear Associates:
This is a reminder that the procedures addressed in Bulletin WA000035 dated 06/29/92 remains in effect with the following change in the paragraph to be set up as an exception to title.
Rights of any interested party to sue or petition to have set aside or contest a judicial or non-judicial foreclosure or forfeiture, or any deed pursuant thereto, provided the suit or petition is occasioned by acts or omissions of the foreclosing party.
Note: We may be willing to remove this exception upon a conveyance to a bona fide purchaser for fair market value.
References
- Bulletins Replaced:
- None
- Related Bulletins:
- Underwriting Manual:
- None
- Exceptions Manual:
- None
- Forms:
- None