Virtual Underwriter

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Bulletin: MU2016005

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Bulletin: MU2016005

Bulletin Document
V 1
Date: September 29, 2016
To: All California, Indiana, and West Virginia Issuing Offices
RE: UNDERWRITING - Tax Titles Services

Dear Associates:

This bulletin advises you of additional requirements for tax foreclosures for which Tax Title Services (“TTS”) has provided a report.

TTS is an independent company that investigates and certifies the accuracy and completeness of the tax lien foreclosure process. Upon completion of its investigation, TTS issues a Certification confirming that all affected parties received notice and that all statutory requirements relating to notification, publication, redemption, etc. were satisfied in accordance with applicable state tax lien/tax deed foreclosure statutes. TTS' services are ordered and paid for by the customer (usually the tax deed holder), in the same manner that the cost of bringing a quiet title action or obtaining quitclaim deeds would be borne by the customer.

In future transactions, approval by a Stewart Underwriter is required to insure title to any property for which Tax Title Services has provided a Certification.

If you have any questions relating to this or other bulletins, please contact a Stewart Title Guaranty Company underwriter.

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.

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