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: NJ000118
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Bulletin: NJ000118
Dear Associates:
By Bulletin No. NJ000103 datedMay 24, 2005, we advised you that you may not rely on a Riparian Grant recorded in Deed Book 1397 at page 95 ("Grant") with regard to certain properties located in Ocean City, Cape May County. The Grant purports to convey the bed of former creeks in the area but the State has taken the position that it does not convey title to all of the former creek beds in the area. The Grant shows the creeks in one location. The claim map shows the creeks in a slightly different location. Please note that the Deed recorded in Deed Book 1397 at page 117 is NOT a riparian grant and the list of Lots and Blocks enumerated in that deed may not be relied on to clear riparian claims.
Accordingly, you may not rely on the Grant as conveying the former creek beds.
Attached is a more detailed analysis by lot and block of lands that are subject to claim on the claims overlay. Please note the attached list does not take into account riparian grants made after the Grant to Ocean City Homes, Inc. in Deed Book 1397 at page 95 (Dated 1/31/78). Some of the claimed lots are the subject of subsequent grants which should be examined.
Ocean City Homes, City ofOcean City, Cape May County:
Properties Appeared to be Claimed on Tidelands Map #140-2004
|
Tax Block |
Tax Lots |
|
5307 |
8, 10, 11, 12, 17, 18, 19, 21, 22, 23, 31, 32, 33 |
|
5308 |
5, 6, 17, 18, 24, 25, 28, 29, 30 |
|
5309 |
1, 5, 6, 7, 10, 11, 14, 15, 20, 21, 22, 23, 24 |
|
5310 |
2, 3, 4, 10, 11, 19, 20 |
|
5311 |
10, 11, 18, 19 |
|
5312 |
10, 11, 12 |
|
5407 |
10 |
|
5408 |
5, 6, 10 |
|
5409 |
2, 3, 4, 5, 6 |
|
5410 |
3, 4, 5, 6, 8, 9, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32 |
|
5411 |
3, 4, 5 |
Note: Because of the scale of the claims map, the above list is an estimate of the claimed lots. A survey plat with the claim line depicted thereon is required to determine the extent of the tidelands claim, if any.
References
- Bulletins Replaced:
- None
- Related Bulletins:
- Underwriting Manual:
- None
- Exceptions Manual:
- None
- Forms:
- None