In article <vdXJj.65$pS4.59@[EMAIL PROTECTED]
>,
makbo@[EMAIL PROTECTED]
says...
> So, recently I deposited a modest sum in a CD at a well-known financial
> institution.
>
> When I registered at their on-line site, they verified my identity with
> a set of questions similar to what you get when you go to download your
> "free" annual credit report from one of the three recognized credit
> reporting agencies.
>
> What I am puzzled by is this: one of the questions was in regard to the
> address of a real property I formerly owned, which was not directly
> financed upon either purchase or sale.
>
> I know that real property ownership records are more or less public
> information; however, why would a bank know and ask me about same, as an
> identity verification technique? Is there a nation-wide,
> commercially-accessible, database of historical property ownership?
Considering the current real estate shake-up, perhaps they wanted
to check to see if there are any foreclosures pending (or
recent)? By checking that specific address's record?
Or there could have been assumptions:
1. That the previous property was your residence. Credit and
banking applications often ask for previous address.
2. That you would give accurate information, regardless of
whether it could be confirmed. Meaning that that info is now in
their records for analysis of your general status/history.
4. As per (2.) they might want or need to confirm this item in
the future for some reason (e.g. to determine that you lied, if
that were the case.)
--
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