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: IL2024001
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Bulletin: IL2024001
Note: This Bulletin has been replaced by IL2024002 - UNDERWRITING - Illinois Tax Deeds. Use it for reference only.
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Date: February 22, 2024
To:
All Illinois Issuing Offices
RE:
UNDERWRITING - Illinois Tax Deeds
Dear Associates:
Due to the recent cases of Tyler V. Hennepin (MN) and Bell V. Pappas (Cook County, Illinois), we are providing this reminder that when insuring a tax deed or title acquired by tax deed in the last two years, the transaction must be approved by a Stewart Title Guaranty Company underwriter.
- When submitting your file for approval, you must include a copy of the tax deed case file, including but not limited to, the initial complaint, proof of service, and all orders of the court.
- All transactions involving a tax deed recorded within the last two years must also comply with Stewart Bulletin IL2016001.
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.
References
- Bulletins Replaced:
- None
- Related Bulletins:
- Underwriting Manual:
- None
- Exceptions Manual:
- None
- Forms:
- None