I never even heard of a CLUE report until I recently went to get FL car insurance and the agent found a report of an accident on my CLUE report which after I called Lexis and got it corrected it had impacted the car insurance quote I was receiving. Unfortunately, it’s far from a fool proof system should your name be similar to another person with the same name which in my case was my dad. Agents do not use SS numbers and simply rely on the name spelling for insurance entries in their system or CLUE. Having said that I never heard of a home for sale using a CLUE report? I was told it was a service used by insurance agencies to run insurance history reports (for accident history as an example) so they can quote the correct rates based on good or bad history. Below from their website to support that:
“For example, companies use our tools to verify identities in order to offer loans, quote insurance rates, and offer government assisted benefits.”
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I will say the things that others are probably thinking but afraid to say.
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