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| Stewart Title, AREAA Join Forces to Provide Important Real Estate Documents in Asian Languages |
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LOS ANGELES – Stewart Title Guaranty Company, a wholly owned subsidiary of Stewart Information Services Corp. (NYSE-STC), and the Asian Real Estate Association of America (AREAA) today announced a 12-month partnership to translate common real estate documents into Chinese, Korean and Vietnamese. Stewart Title is making the translated documents available to AREAA members in good standing.
“As one of our longest and most ardent supporters, Stewart Title is keenly aware of the growth potential for homeownership in the Asian American market,” said Allen Chiang, incoming chair of AREAA. “With the most commonly-used documents translated into three Asian languages, our members can serve their clients more effectively and bring them closer to the American dream of homeownership.”
The translated documents that will be available are:
Affidavit of debts and liens
Bill of sale
FIRPTA affidavit
Quit claim deed
Compliance agreement – refinance transaction
Compliance agreement – sale transaction
HUD1
Chiang anticipates the translated documents will be available to AREAA members in good standing via a password-protected website beginning in November 2008.
“We are pleased to partner with AREAA to provide these translated documents in a collaborative effort to help homebuyers from the Asian-American, Pacific-Islander communities,” said Malcolm Morris, Chairman and Chief Executive Officer of Stewart Title Guaranty Company. “In keeping with our commitment to multicultural markets, we
know that providing documents to customers in the language they are most comfortable
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