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: FL2011001
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Bulletin: FL2011001
Fannie Mae recently removed the law firm of BEN-EZRA & KATZ from its foreclosure cases. Fannie Mae has ordered that the foreclosure files being handled by BEN-EZRA & KATZ be transferred to new firms. This, at least for the short term, may cause a major disruption in Fannie Mae cases that were being handled by this firm.
As a result of these recent developments and in addition to the requirements set forth in bulletin SLS2010023, Stewart requires the following for the first sale or mortgage of a property, title to which was obtained by the owner in a foreclosure action brought by BEN-EZRA & KATZ:
Determination by review of the court docket or of the case file that the owners of the property were personally served and the original note was filed in the case.
If it is determined that the owners were not personally served and the original note was not filed, you must secure approval from a Stewart Underwriter to insure.
If you have any questions relating to this or other bulletins, please contact your local underwriting personnel or Stewart Legal Services.
For on-line viewing of this and other bulletins, please log onto www.vuwriter.com.
References
- Bulletins Replaced:
- None
- Related Bulletins:
- Underwriting Manual:
- None
- Exceptions Manual:
- Forms:
- None