STG Value Endorsement Guideline 1
Explanation:These endorsements remove the exclusion for failure to pay value. The exclusion may apply if failure to pay value results in inability to rely on recording laws or causes a fraudulent transfer or voidable preference.
Underwriting Requirements:(1) Secure Underwriter approval for issuance of the endorsement.
(2) Verify that sales or loan proceeds will be advanced and paid to the seller or borrower.
The underwriting guidelines contained herein have been provided for general reference. The facts, circumstances, and location of the subject property should be considered when determining the issuance of the requested form or endorsement. Please note that all of the forms and endorsements included in this system may not be available in all states. Accordingly, please contact the appropriate Stewart Title Guaranty Company underwriting personnel in order to determine availability.
Compliance with the underwriting guidelines contained herein in no way obligates Stewart Title Guaranty Company to issue any form or endorsement.
This guideline applies to the following form(s):