WARNING SIGNS OF PROPERTY FRAUD
Property fraud is a term that covers a whole range of nefarious activity connected to scams that occur during property transactions.
Below are some of the Property Frauds that take place by criminals who pretend to be the real owners of the estates:
They provide their telephone number and email, nothing else other than that.
They restrict you or limit you to only conversing with the specific people that they have instructed you to talk to.
. The sellers don’t really stay around that area, and they are always miles and miles away from the place they are selling to you. They might be selling you real estate when they are overseas on business calls.
The kind of information given by your client is different from information on the electoral register or information you discover when researching the property, so when you are doing due diligence on the area,
Any other changes made during the process to your client’s details or the bank account any funds will be paid into
The Property is listed for less than its market value so that they can fasten the selling process so that they are not caught up.
. They always refuse when it comes to you guys meeting up, blaming it on the fact that they are caught somewhere running other errands that will ensure the success of your already cashed-in real estate project, when what they really mean is working their way out on how they will ghost you and have their way with your own money.
. Also, the client’s behavior can tell you that he isn’t real or legit enough to be trusted by being reluctant when it comes to answering questions.
