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Fairness through a Fiduciary
 

"Fiduciary" is Latin meaning "trust" and refers to a third party business or person who acts for another in order to ensure trust, good faith, and honesty.

Throughout the years, Chicago Title Insurance Company has grown in stature with a solid reputation for integrity and standing the test of time. In 1920 the scope of the Company's business extended beyond Cook County, Illinois where it started in 1847. In the late 1940s, Chicago Title moved to 111 W. Washington Street and continued developing and expanding its extensive statewide organization.

In the 1950s Chicago Title reached beyond its state borders to increase its title insurance business. It was then, Chicago Title Insurance Company, as we know it today, was developed as a wholly owned subsidiary of Chicago Title and Trust Company.

In March 2000, Chicago Title Insurance Company merged with FNF to become one of the largest title companies in the nation. Much has changed in 160-plus years, but the fundamental principles upon which the Company was founded are steadfast. They are outstanding customer service, untarnished reputation for integrity and a rock solid, enduring identity that is synonymous with the necessary expertise to insure your most prized asset:

As the Fiduciary of record for Champion Lease Bid, Chicago Title will ensure fairness of the bidding process by implementing the following steps:

  1. Sealed Bid Sheets will be received by Chicago Title by U.S. Mail, Federal Express / other 3rd party carriers or delivered in person SO LONG AS THEY ARE RECEIVED IN A SEALED CONDITION WITH "CHAMPTION LEASE BID " APPEARING CLEARLY ON THE ENVELOPE BY THE STATED DEADLINE. Electronic or facsimile delivery will not be accepted.

  2. Sealed bids will be entered into a vault under dual control upon receipt for safeguard until the bid auction closing date.

  3. At 9:00 a.m. on the next business day following the bid auction closing date, sealed bids will be opened under dual control by two representatives of Chicago TItle. In the event of a tie, Chicago TItle shall make phone contact with the two (or more) highest bidders and give them 24 hours to submit a "best and final offer" in writing.

  4. All bid submissions will be entered into an Auction Results Report in which the winning bidder will be identified by property. The Auction Results Report will be certified by each dual control representative, and transmitted via email or facsimile to Broker on company letterhead.

  5. Chicago Title will contact the winning bidders and set a Lease signing appointment the same day as results are read.
   
 
  This instrument describes an auction and, if you place a bid, you are entering a legally binding contract if your bid is selected in connection with that auction. The owner of the property reserves the right, in its sole discretion, to select the successful bid in the auction (the “Selectee”). Placing a bid does not guarantee that your bid will be selected. Even if no reserve price is announced, there might not be a Selectee.
   
   
 

Copyright 2010 Champion Lease Bid. All Rights Reserved.