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.
Special Alert: SA2008005
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: SA2008005
Dear Associates:
- Altieri Builders
- Altieri Homes, Inc.
- Altieri Enterprises, Inc.
- or another Altieri entity
Effective immediately, please secure approval from Stewart Underwriting Personnel before insuring on transactions involving Altieri Builders, Altieri Homes, Inc., Altieri Enterprises, Inc., or another Altieri entity.
In Delaware, D.C., North Carolina, and Pennsylvania, we will require proof of payment of bills, including satisfactory waivers from all suppliers and contractors.In Maryland, you should be satisfied that no mechanic's lien is established by Circuit Court order, and that no complaint asserting a mechanic's lien has been filed.
You are instructed to contact your local Stewart Underwriter immediately if you have any transactions involving any of the above referenced entities.
For on-line viewing of this and other bulletins, log onto http://www.vuwriter.com.
References
- Bulletins Replaced:
- None
- Related Bulletins:
- None
- Underwriting Manual:
- None
- Exceptions Manual:
- None
- Forms:
- None