Special Alert: SA2023018

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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: SA2023018

Bulletin Document
V 3
Date: January 18, 2023
To: All California Issuing Offices
RE: SPECIAL ALERT - Optimum Vigor Development LLC, et al

Dear Associates:

Effective immediately, all issuing offices are instructed not to accept any orders or close any transactions involving the following without the written approval of a Stewart Legal Services representative:

Optimum Vigor Development LLC, a California limited liability company

Optimum Vigor Development 1773 28th LLC, a California limited liability company

Optimum Vigor Development 1783 28th LLC, a California limited liability company

Optimum Vigor Development 1914 6th Ave LLC, a California limited liability company

Optimum Vigor Development 2532 & 2528 78th Ave, LLC, a Delaware limited liability company

Optimum Vigor Development 355 Henry St LLC, a California limited liability company

Optimum Vigor Development 7864 Bancroft, LLC, a Delaware limited liability company

2528 78th Ave, Oakland, CA 94605 (Alameda County)

2532 78th Ave, Oakland, CA 94605 (Alameda County)

7864 Bancroft Ave, Oakland, CA 94605 (Alameda County)

670 Sycamore St, Oakland, CA 94612 (Alameda County)

1914 6th Ave, Oakland, CA 94606 (Alameda County)

1773 28th Ave, Oakland, CA 94601 (Alameda County)

2241 48th Ave, Oakland, CA 94601 (Alameda County)

If you have any pending transactions involving the above, please contact Stewart Legal Services at SpecialAlerts@stewart.com before proceeding.

As a reminder, 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, which may be accessed at http://specialalerts.stewart.com/ or as a link from Stewart.com and/or Virtual 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.


References

Bulletins Replaced:
  • None
Related Bulletins:
  • None
Underwriting Manual:
  • None
Exceptions Manual:
  • None
Forms:
  • None