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: DC2016002
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Bulletin: DC2016002
Dear Associates:
The District of Columbia Recorder of Deeds (“ROD”) recently announced a change in procedure for recording deeds from a party that has obtained title to the property pursuant to the survivorship provisions of the current vesting deed (either as a surviving joint tenant or tenant in common). The ROD is now requiring the presentation of a death certificate for the deceased prior interest holder before the current owner can record a deed conveying title to the property.
Due to the fact that these conveyances often occur many years after the death of the prior interest holder, we strongly recommend that you alert the sellers in these transactions as soon as possible of the need to provide a death certificate.
If you have any questions relating to this or other bulletins, please contact a Stewart Title Guaranty Company underwriter.
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References
- Bulletins Replaced:
- None
- Related Bulletins:
- None
- Underwriting Manual:
- None
- Exceptions Manual:
- None
- Forms:
- None