Bulletin: NYSA000080

Date:
June 16, 2006
To:
All New York State Office Counsels, Managers and Agents
RE:
High Priority Alert- Fraud

Please be advised that there is a mortgage payoff scam being perpetrated in the area. It involves the use of fraudulent payoff letters with bogus servicing agents as the named payee on behalf of the mortgagee of record.


IN NO EVENT SHOULD YOU CLOSE ANY TRANSACTIONS INVOLVING ANY INDIVIDUALS OR PROPERTIES LISTED ON THE ATTACHED BULLETIN. FUTURE UPDATED BULLETINS WITH OTHER PROPERTIES WILL BE FORTHCOMING IF THE NEED ARISES. PLEASE ALERT YOUR STAFF OF THIS SITUATION.
AS A GENERAL RULE YOU MUST MAKE SURE THAT ANY PAYOFF IS PAID TO THE NAMED MORTGAGEE OF RECORD OR TO ITS ASSIGNEE OR AN AUTHENTICATED SERVICING AGENT

Please consult with the Legal Department personnel prior to insuring any transactions, or agreeing to issue a letter of indemnity, involving the following properties and/or persons:
Since individuals may be using aliases the names used may vary slightly form those on the list

Name
Mohammed Zakir Hossain
Mohammed Z. Hossain
Yasmin A. Hossain
Mohammed Belal
Mohammed J. Ansari a/k/a M.J. Ali Ansari
Mohammed R Sarkar
Kazi Zohiral Islam
Humayun Kabir
Shafiullah Badal
Mina Khan
Rahman Rahima
Jahangir Rahman
Monir Hossain
Nilufar Yesmen
Sheren Aktar
Humayun Kabir
Abu Hussein Dali
Sentar Khandakar
Kalawatti Ramdhanny
Mahbuba Rasul
Nasir Chowdhury
Nirmal D'Costa
Devanand C. Harricharan
Nipul Saha
Rahid M. Talukder
Masud Akhand

Property
24-23 87th Street, East Elmhurst
23-26 98th Street, East Elmhurst
31-38 68th Street, Woodside, NY
61-07 Woodside Avenue, Woodside, NY
69-46 44th Avenue, Woodhaven
76-08 Glenmore Avenue, Ozone Park
86 Cooper Street, Brooklyn
87-27 89th Street, Woodhaven
88-32 75th Street, Woodhaven
88-32 88th Street, Woodhaven
89-25 88th Street, Woodhaven
89-28 127th Street, Richmond Hill
91-24 221st Street, Queens Village
102-45 86th Street, Woodside, NY
109-33 141st Street, Queens
111-37 122 Street, Queens
138-19 Lloyd Road, Jamaica
144-49 87th Road, Brentwood

THIS BULLETIN IS FURNISHED TO INFORM YOU OF CURRENT DEVELOPMENTS. AS A REMINDER, YOU ARE CHARGED WITH KNOWLEDGE OF THE CONTENT ON VIRTUAL UNDERWRITER  AS IT EXISTS FROM TIME TO TIME AS IT APPLIES TO YOU, AS WELL AS ANY OTHER INSTRUCTIONS. OUR UNDERWRITING AGREEMENTS DO NOT AUTHORIZE OUR ISSUING AGENTS TO ENGAGE IN SETTLEMENTS OR CLOSINGS ON BEHALF OF STEWART TITLE GUARANTY COMPANY. THIS BULLETIN IS NOT INTENDED TO DIRECT YOUR ESCROW OR SETTLEMENT PRACTICES OR TO CHANGE PROVISIONS OF APPLICABLE UNDERWRITING AGREEMENTS. CONFIDENTIAL, PROPRIETARY, OR NONPUBLIC PERSONAL INFORMATION SHOULD NEVER BE SHARED OR DISSEMINATED EXCEPT AS ALLOWED BY LAW. IF APPLICABLE STATE LAW OR REGULATION IMPOSES ADDITIONAL REQUIREMENTS, YOU SHOULD CONTINUE TO COMPLY WITH THOSE REQUIREMENTS.

References

Bulletins Replaced:
None
Related Bulletins:
None
Underwriting Manual:
None
Exceptions Manual:
None
Forms:
None