Be it through impersonation or false documents, frauds can easily con buyers.
Here's a checklist to help you buy your dream home without getting cheated

Buying your dream home is no easy task, particularly because it requires a lot of homework. And the biggest requirement is to ensure that you do not end up becoming a victim of fraudulent property transactions.

EXAMINE THE LEGAL DOCUMENTS:

Viren V Vashi, A senior High Court advocate advises the following checks:

Carefully scrutinise the Encumbrance Certificate (EC) as it is one of the main documents that can highlight lapses, if any All documents you inspect must be original. Although it is difficult to check, try your best to see if any litigation is pending on the property. Because the law says if any suit is pending on a property, any transfer is subject to the result of the litigation Check if the title deeds are original.Also, if the property is owned partially or fully by a minor, it cannot be then sold, unless there is court permission. Hence, beware!

INSPECT THOROUGHLY BEFORE TAKING THE PLUNGE:

Mr.Saxsena, Branch Manager , Vijaya Bank, juhu , a leading bank points out:

Check the mother deed. See whether the bank has approved the loan on the respective property or not, because banks never grant a loan without checking on the ownership and documents of the property.

Also, check the builder's reputation and his previous track record. You can ask the builder to share the plan of the property, and if they deny, you can directly approach the respective state authority.

SELLING OF UNFENCED PLOTS THAT ARE SELDOM VISITED BY ITS OWNERS A HUGE MENACE:

C.E.O. Arun Sharma  Propertyalways.com:

In such cases, people prepare artificial documents claiming that the property is theirs and settle it to somebody, mostly their children. And that requires only the stamp duty, which will cost just ` 30,000. By doing that, the child's name appears in the encumbrance certificate. So now she has become the owner. After four-five months, that person will sell it to a third-party. This generally happens while the real owner is elsewhere oblivious to such a transaction. Once the possession happens, the fraudster will escape, leaving the original buyer and the new one to sort out the mess.

CASE STUDY:

For the 58-year old Adeshwar (name changed), it was an unpleasant surprise when he discovered that the house, which he had bought in 1986 was sold again to another person in 1999 without his knowledge. It came to light only when he applied for the Encumbrance Certificate (EC) in 2011 that's when he realized that he was cheated. His issue is still pending before the district registrar. And his case is not an example in isolation, as there are multiple cases across the country wherein an individual has unintentionally become a victim of such a scheme.

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