Foreclosure Title Services

USDA, Rural Development in Arkansas seeks to retain a title company (hereinafter the “contractor”) to provide title services in connection with foreclosures without deficiency judgments related to Section 502 (Single Family Housing) debts to the United States of America, United States Department of Agriculture, Rural Development. 

The resulting acquisition vehicle will be a multiple award BPA. The contractor will provide all related services connection with each assigned case to complete the title services. 

This is a notice that this Blanket Purchase Agreement is a total set aside for small business concern.  Only quotes submitted by small business concerns will be accepted by the Government.  Any quote that is submitted by a contractor that is not a small business concern will not be considered for award.

In order to have a satisfactory foreclosure sale where the property is sold free and clear of the claims of junior lienholders, subsequent transferees and others who may claim some interest in the property it is necessary to conduct a title search.  In Arkansas this title search is done by using a supplemental abstract of title, or a title opinion by an escrow agent or a commitment to insure issued by a title insurance company, and a Uniform Commercial Code lien search.

The contractor performing title services must be duly licensed under the Arkansas Title Insurance Act and must provide proof thereof.

All title services on the part of the contractor shall be in compliance and consistent with all Federal, State, and local statutes, regulations, and ethical standards which apply to the liquidation of loan security and collection of debts. 

Standards include, but are not limited to:

Ark. Code Ann. § 23-103-408, Ark. Code Ann. § 23-103-413, Rule 87, The Privacy Act of 1974, as amended (5 U.S.C. 552a); the Fair Debt Collection Practices Act (15 U.S. C. 1692 et seq.); the Debt Collection Act of 1982, as amended (P.L. 97-365); the American Bar Association Model Rules of Professional Responsibility (1983); the Debt Collection Improvement Act of 1996; and AB 2246, Disposal Requirements for Consumer Records held by Title Companies (Jan. 2001).

Violation of applicable laws, regulations or ethical standards, shall be cause for termination of the agreement for default.

The solicitation will be available only on the Federal Business Opportunities website, www.fbo.gov, and is anticipated to be released on or about January 11, 2018. Amendments to the solicitation, if any, issued prior to the receipt of proposals will also be posted on www.fbo.gov. Interested parties are responsible for monitoring this site for access to the solicitation. All responsible sources meeting the eligibility requirements may submit a proposal which will be considered by the Government. It is highly recommended that, prior to submitting a proposal, interested parties obtain a Dun and Bradstreet (DUNS) number and register in the System for Award Management (SAM), www.sam.gov, as these requirements are mandatory for any firm selected for a contract award.