Special Alert: GA000006

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: GA000006

Bulletin Document
V 1
Date: May 31, 2002
To: All Issuing Offices in Georgia
RE: Closing Alert - Corless & Webster

Dear Associates:

Stewart Title Guaranty Company ("Stewart") has been alerted that you may experience a problem in receiving funds from the escrow account of:

Corless & Webster - Atlanta, GA

Effective immediately, all policy-issuing offices are instructed not to accept, as good funds, any escrow check drawn on a Corless & Webster account. In addition, if you have accepted as good funds a check from Corless & Webster, on any transaction you closed within the last two weeks, please immediately contact Charlie Harris at the phone number below.

Please contact:

Charlie Harris
Stewart Title Guaranty Company
300 Colonial Center Parkway, Suite 140
Roswell, GA 30076
770-642-0420
charris2@stewart.com

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.


References

Bulletins Replaced:
  • None
Related Bulletins:
  • None
Underwriting Manual:
  • None
Exceptions Manual:
  • None
Forms:
  • None