Special Alert: SA2008029

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Special Alert: SA2008029

Bulletin Document
V 1
Date: October 30, 2008
To: All Issuing Offices
RE: Purported Fraudulent Transaction

Dear Associates:

Effective immediately, all policy issuing agents are instructed not to accept any orders or close any transactions involving the following individuals or entities without the written approval of the Stewart Legal Services representative listed below:

Denard-Darnell Neal

Denard-Darnell Neal Trust

Tomark Construction, Inc.

If you have any pending transactions involving any of these individuals or entities or if you have recently closed any transactions involving these individuals or entities please contact the following Stewart representative:

General Counsel and Illinois Underwriting Counsel
2800 West Higgins Road, Suite 835
Hoffman Estates, IL 60169
Phone: 847-884-2332

Preventive Measures:

Have all personnel and examiners be alert to any mortgages that have been satisfied in the chain of title without having another mortgage simultaneously recorded. If you or your personnel come across this situation, please contact the lienholder to confirm that the mortgage is paid and the release is valid.

For on-line viewing of this and other bulletins, please log onto www.vuwriter.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