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Mid-Atlantic
Area
Pennsylvania
Three Glenhardie Corporate Center
1265
Drummers Lane, Suite 220
Wayne,
PA 19087
(610)
687-8020
(800)
842-2080
(610)
687-6056 - fax
Calder
Square
P.O.
Box 10326
State
College, PA 16805-0326
(814)
238-3600
(814)
238-3604 - fax
125
Technology Drive, Suite 101
Canonsburg, PA 15317
(866)
364-2777
(724)
746-5434 - fax
Delaware
32
The Green
Dover,
DE 19901
(302)
734-3570
(800)
722-0784
(302)
734-3254 - fax
The
800 King Street Building
800
King Street, Suite 304
Wilmington,
DE 19801
(302)
661-1997
(302)
661-1996 - fax
Maryland
Columbia Corporate Park
8850 Stanford Blvd., Suite 2900
Columbia,
MD 21045
(410)
953-6763
(800) 664-8306
(410) 953-6761 - fax
Virginia
9303
Center Street, Suite 101
Manassas,
VA 20110-5547
(703)
365-2300
(800)
232-6817
(703)
365-2400 - fax
1503 Santa Rosa Road, Suite 233
Richmond,
VA 23229
(804)
288-4090
(888) 859-922
(804)
288-4092 - fax
6802 Paragon Place
Suite 410
Richmond,
VA 23230
(804)
441-6112
(804)
441-6050 - fax
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Fraudulent Mortgage Releases Using UCC Filings
It has
been
brought
to our
attention
that
documents
have
been
filed in
the
office
of the
Secretary
of State
of
Michigan
purporting
to
release
mortgages
validly
filed in
the
appropriate
land
records
for the
properties
described
in the
underlying
mortgages.
The
parties
are
using
UCC
Correction
Statements
forms
for this
purpose.
The
documents
recite
that
"Sovereign
International
Bill of
Exchange
Funds"
payable
to the
order of
the
mortgagee
of
record
have
been
used to
satisfy
and
discharge
the
underlying
obligation
and
mortgage.
The
statements
are
being
filed by
or on
behalf
of the
mortgagors
in the
underlying
real
estate
mortgages.
Such
statements
are, of
course,
of no
legal
effect
and have
no
impact
on the
lien of
a
mortgage
or deed
of trust
properly
filed or
recorded
according
to local
law. If
these
documents
are
encountered
during
an
examination
of title
they
should
never be
construed
to have
discharged
the lien
of the
mortgage
or deed
of
trust.
Should
you have
any
questions,
please
contact
our
underwriting
counsel:
Steve
Gratman;
Sue
Swick
or
Dwight
Edwards.
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Please contact
Sue Morgan at Old Republic Title with any
questions
or give us a call at 610-687-8020 or
800-842-2080.
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