Foreclosure Process

Foreclosure Process Disclosure

Posted on Friday, March 18, 2011

UNDERWRITING BULLETIN
2011-07

To: ALL FLORIDA OFFICES AND AGENTS OF
Chicago Title Insurance Company
Commonwealth Land Title Insurance Company
Fidelity National Title Insurance Company
From: FNTG Florida Agency Underwriting Department
Date: March 9, 2011
Re: Foreclosure Process Disclosure

Attached to this Bulletin is a form of Foreclosure Process Disclosure that some buyers of REO property are being required to sign.
If you are requested to insure the title of REO property in which a similar form of Foreclosure Process Disclosure will be signed by the buyer, please contact the Underwriting Department for further instructions before the closing of the transaction.


FORECLOSURE PROCESS DISCLOSURE

Fannie Mae acquired this property by foreclosure. The foreclosure was conducted by the law firm of _______________________. _____ has disclosed certain document preparation and execution process issues within the firm that may have been present in the foreclosure case relating to the preparation and execution of affidavits of indebtedness and attorney fee reasonableness, which were filed with the Court to obtain final judgment. If you have questions regarding this disclosure, please contact counsel of your choice.
Dated: _____________________
Receipt Acknowledged:
_________________________________
Printed Name: ____________________
Buyer
_________________________________
Printed Name: ____________________
Buyer+



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