Real Estate Practice

Executive Bond Services is experienced working with real estate attorneys writing Litigation bonds, providing Indemnity bonds for lost or misplaced cooperative stock certificates and proprietary leases, and writing Guarantee/Indemnity bonds to secure various agreements and settlements.

Lost Instrument bonds indemnify the cooperative, managing agent, and/or attorney (and in some cases, the buyer) against any loss that may occur with respect to the re-issuance of the certificate and/or proprietary lease. For a one-time premium, these bonds provide valuable protection to the interested parties when re-issuing stock certificates and/or leases.

Similarly, we underwrite Waiver of Probate bonds for instances in which a party seeks the re-issuance of a stock certificate and/or proprietary lease but does not have the authority to make the application because the actual owner is deceased or incapacitated. The bond protects the cooperative, managing agent, and attorney representing the cooperative by indemnifying them for re-issuing the lost certificate and/or proprietary lease without requiring probate of the estate. This is a valuable tool in that it protects the interested parties while saving the estate the expense and time required to apply for letters of administration or executorship. 

As with every bond we write, our surety expertise enables us to streamline the underwriting process. We encourage you to call us when you have questions, and we look forward to working with you.

Click Here For Our Pledge To You