Glendale Arizona Real Estate Attorney - DOC by rbx46282


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									                                                          LAW YERS TITLE I NSURANCE CORPORATION
                                                          7530 N. Glenoaks Blvd, Burbank, CA 91504 | 818-252-6000

                                                                                                    Customer Fax No.
Customer Name
Customer Address
Customer City, State, Zip

        Re:      Closing Protection Letter
                 Issuing Agent: Lawyers Title of Arizona
                 Title/Escrow No.:
                 Loan No.:

Gentlemen and Ladies:
Lawyers Title Insurance Corporation (the “Company”) agrees, subject to the Conditions and Exclusions set forth
below, to reimburse you for actual loss incurred by you in connection with closings of real estate transactions
conducted by Lawyers Title of Arizona (the “Issuing Agent”), provided:
(A) title insurance of the Company is specified for your protection in connection with the closing; and
(B) you are to be the (i) lender secured by a mortgage (including any other security instrument) of an interest in
    land, its assignees or a warehouse lender, (ii) purchaser of an interest in land, or (iii) lessee of an interest in
and provided the loss arises out of:
1. Failure of the Issuing Agent to comply with your written closing instructions to the extent that they relate to
    (a) the status of the title to that interest in land or the validity, enforceability and priority of the lien of the
    mortgage on that interest in land, including the obtaining of documents and the disbursement of funds
    necessary to establish the status of title or lien, or (b) the obtaining of any other document, specifically
    required by you, but only to the extent the failure to obtain the other document affects the status of the title
    to that interest in land or the validity, enforceability and priority of the lien of the mortgage on that interest
    in land, and not to the extent that your instructions require a determination of the validity, enforceability or
    the effectiveness of the other document, or
2. Fraud, dishonesty or negligence of the Issuing Agent in handling your funds or documents in connection
    with the closings to the extent that fraud, dishonesty or negligence relates to the status of the title to that
    interest in land or to the validity, enforceability, and priority of the lien of the mortgage on that interest in
If you are a lender protected under the foregoing paragraph, your borrower, your assignee and your warehouse
lender in connection with a loan secured by a mortgage shall be protected as if this letter were addressed to
Conditions and Exclusions
1. The Company will not be liable to you for loss arising out of:
    A. Failure of the Issuing Agent to comply with your closing instructions which require title insurance
       protection inconsistent with that set forth in the title insurance binder or commitment issued by the
       Company. Instructions which require the removal of specific exceptions to title or compliance with the
       requirements contained in the binder or commitment shall not be deemed to be inconsistent.
    B. Loss or impairment of your funds in the course of collection or while on deposit with a bank due to bank
       failure, insolvency or suspension, except as shall result from failure of the Issuing Agent to comply with
       your written closing instructions to deposit the funds in a bank which you designated by name.
    C. Defects, liens, encumbrances or other matters in connection with your purchase, lease or loan
       transactions except to the extent that protection against those defects, liens, encumbrances or other
       matters is afforded by a policy of title insurance not inconsistent with your closing instructions.
    D. Fraud, dishonesty or negligence of your employee, agent, attorney or broker.
    E. Your settlement or release of any claim without the written consent of the Company.
    F. Any matters created, suffered, assumed or agreed to by you or known to you.
2. When the Company shall have reimbursed you pursuant to this letter, it shall be subrogated to all rights and
    remedies which you would have had against any person or property had you not been so reimbursed.
    Liability of the Company for reimbursement shall be reduced to the extent that you have knowingly and
    voluntarily impaired the value of this right of subrogation.
3. The Issuing Agent is the Company’s agent only for the limited purpose of issuing title insurance policies,
    and is not the Company’s agent for the purpose of providing other closing or settlement services. The
    Company’s liability for your losses arising from those other closing or settlement services is strictly limited
    to the protection expressly provided in this letter. Any liability of the Company for loss does not include
    liability for loss resulting from the negligence, fraud or bad faith of any party to a real estate transaction
    other than the Issuing Agent, the lack of creditworthiness of any borrower connected with a real estate
    transaction, or the failure of any collateral to adequately secure a loan connected with a real estate
    transaction. However, this letter does not affect the Company’s liability with respect to its title insurance
    binders, commitments or policies.
4. Either the Company or you may demand that any claim arising under this letter be submitted to arbitration
    pursuant to the Title Insurance Arbitration Rules of the American Land Title Association, unless you have a
    policy of title insurance for the applicable transaction with an Amount of Insurance greater than $2,000,000.
    If you have a policy of title insurance for the applicable transaction with an Amount of Insurance greater
    than $2,000,000, a claim arising under this letter may be submitted to arbitration only when agreed to by
    both the Company and you.
5. You must promptly send written notice of a claim under this letter to the Company at its principal office at
    P.O. Box 45023, Jacksonville, Florida 32232-5023. The Company is not liable for a loss if the written notice
    is not received within one year from the date of the closing.
6. The protection herein offered extends only to real property transactions in Arizona, California, Ha waii and
Any previous closing protection letter or similar agreement is hereby cancelled, except for closings of your real
estate transactions for which you have previously sent (or within 30 days hereafter send) written closing
instructions to the Issuing Agent.
Lawyers Title Insurance Corporation

Roger Therien
Sr. Vice President
                                Lawyers Title of Arizona, Inc
                                          Arizona Office List

Maricopa County

Arrowhead Branch                                 Esplanade
Contact: Branch Manager: Tanya Banovac           Contact : Branch Manager : Judy Sorenson
17100 N 67 th Ave Bldg 2, #200                   2425 E. Camelback Rd., #700
Glendale, AZ 85308                               Phoenix, AZ 85016
Phone: (623) 979-6060                            Phone: (602) 954-6774
Fax:   (623) 979-6868                            Fax:   (602) 954-7119

Palm Valley Branch                               Metro Branch
Contact: Branch Manager: Suzanne Mazzacua        Contact: Branch Manager: Linda Banovac
13341 W Indian School Rd, #C305                  11225 N. 28th Drive, #B102
Litchfield Park, AZ 85340                        Phoenix, AZ 85029
Phone: (623) 535-4210                            Phone: (602) 993-4545
Fax:     (623) 535-7105                          Fax:   (602) 993-3456

Surprise Branch                                  Chandler /Ocotillo Branch
Contact: Branch Manager: Karen Lewis             Contact: Branch Manager: Denise Sweeney
15003 W Bell Rd, #150                            4913 South Alma School Road,# 2
Surprise, AZ 85374                               Chandler, Arizona 85225
Phone:(623) 518-2795                             Phone: (480) 722-1838
Fax : (623) 518-2796
                                                 Fax:   (480) 722-1839

Tempe/Lakeshore Branch                           Ahwatukee Branch
Branch Manager: Laura Radmer                     Branch Manager: Sheri Hagemeister
4677 S. Lakeshore Drive, #C-9                    3930 E Chandler Blvd, #2
Tempe, AZ 85282                                  Phoenix, AZ 85048
Phone: (480) 897-8488                            Phone: (480) 706 - 4000
Fax:   (480) 897-8522                            Fax:   (480) 706 – 4004

Kierland                                         Paradise Valley Branch
Contact: Branch Manager: Chris Champion          Contact: Branch Manager: Stan Haarer
14648 N Scottsdale Road, #125                    11211 North Tatum Boulevard,#220
Scottsdale, AZ 85254                             Phoenix, AZ 85028
Phone: (480) 315-8090                            Phone: (602) 996-0055
Fax:   (480) 315-8091                            Fax:   (602) 996-0674

Goodyear Branch                                  83 rd & Bell
Contact Name: Barbara Otero                      Contact: Branch Manager: Dave Bombaci
2440 N Litchfield Road,#101                      16150 N Arrowhead Fountain Ctr Dr,#160
Goodyear, AZ 85395                               Phoenix, AZ 85382
Phone: (623) 882-9880                            Phone: (623) 334-2700
Fax:    (623) 882-9884                           Fax:    (623) 334-4900

Raintree                                         Trustee Sales
Contact: Br. Mgrs: Heidi Dombrowski & Susie      Contact Name: Jane Kirk
Alvarez                                          3131 E Camelback Road, #100
9364 E Raintree Drive, #103                      Phoenix, AZ 85016
Scottsdale, AZ 85260                             Phone: (602) 257-2600
Phone: (480) 659-9183                            Fax:   (602) 954-0791
Fax:    (480) 659-9281
                                           Best Lender Unit/Camelback Branch
                                           Contact Name: Diane Mason
                                           3131 E Camelback Road, #220
                                           Phoenix, AZ 85016
                                           Phone: (602) 257-2600
                                           Fax:    (602) 954-0791

Santa Cruz County

Nogales Branch
Contact : Branch Manager : Alexa Ramirez
1780 N. Mastick Way, Suite F
Nogales, AZ 85621
Phone: (520) 281-2387
Fax:   (520) 281-0203

Apache/Navajo Counties

Round Valley                               Heber – Overgaard
Contact: Branch Manager: Carli Beard       Contact: Branch Manager: Darlene Duke
705 N Main Street                          1879 Hwy 260
Eagar, AZ 85925                            Heber, AZ 85928
Phone: (928) 333-2624                      Phone: (928) 535-5925
Fax:    (928) 333-2625                     Fax:    (928) 535-5938

Show Low                                   Snowflake
Contact: Branch Manager: Nanette Pace      Contact: Branch Manager: Judi Bee
1500 E Woolford Rd,#102                    503 S Main St, Suite A
Show Low, Arizona 85901                    Snowflake, Arizona 85937
Phone: (928) 537-2941                      Phone: (928) 536-7778
Fax:   (928) 537-1303                      Fax:   (928) 536-6117

P.O. Box 730
Show Low, Arizona 85902-0730

Coconino County

Contact: Branch Manager: Shannon DeRosby
123 W. Birch Street #104
Flagstaff, Arizona 86001
Phone: (928) 779-5503
Fax:   (928) 779-5331
Yavapai County

Cottonwood                              Prescott Main
Contact: Branch Manager: Lucy Estrada   Contact: Branch Manager: Jamie Banks
1756 E Villa Drive, Suite A             325 West Gurley, #101
Cottonwood, Arizona 86326               Prescott, Arizona 86301
Phone: (928) 634-3500                   Phone: (928) 789-9194
Fax:   (928) 634-3873                   Fax:   (928) 445-4900

                                        Wicke nburg
                                        Contact :Branch Manager: Susan East man
                                        186 North Tegner
                                        Wickenburg, Arizona 85390
                                        Phone: (928) 684-5426
                                        Fax:   (928) 684-9513

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