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CONNECTICUT FRAUD ALERT
Effective immediately, prior and specific approval of the CATIC underwriting department must be obtained before insuring any transaction involving the following address:
60 READ STREET, BRIDGEPORT, CT
The property is vacant land and was listed for sale by a fraudster. The true owner contacted the listing agent to confirm it is not for sale. A contract was signed but closing did not occur thanks to the realtors and agents involved.
CATIC agents are urged to verify the identity of all parties to a transaction using trusted means, including a vetted, third-party service.
A Sample letter that you can send to owners to verify identity for sale of property is attached here.
A Sample letter that you can send to owners to verify identity for a loan transaction is attached here.
Click here for the list of CT properties that are the subject of recent CATIC fraud alerts.
Please contact any of the Connecticut underwriters for assistance researching owner contact information/ verification, with questions regarding this alert, or to report suspected fraudulent activity: CT Underwriters Staff Sheet (flippingbook.com).
Fraud alert bulletins are sent to inform agents of fraud that is uncovered, but this does not alter existing underwriting requirements to verify the legitimacy of a proposed sale or financing of unimproved or unoccupied property when the seller or borrower is not an established client of any attorney involved in the transaction. All fraud alerts are posted on our website at this link: Agent Alerts | CATIC (scroll down the page and click Connecticut).
For CATIC’s specific guidelines on preventing deed and seller impersonation fraud, please review our Claims Department Bulletin: Agent Alert: Will You or Your Client be a Victim of Owner Impersonation Fraud?
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