Real Estate Fraud Investigation
Real estate fraud happens when people provide false information for deceitful property transactions or to get money. For instance, a property owner or seller provides you the untrue information about the land or property they are offering that results to be another one’s, or another party is also interested to buy it as well and has invested in it.
Criminals are always looking for new methods to get benefits from others. One common way they use their wrongdoing is by trapping innocent people and cheating them for even a little money. After making their money, they often hide themselves to escape from legal punishment. But when it comes to your property, the loss could be awful. But it is unfortunate that real estate fraud scams can put your dreams to trash.
This is always just on the gap of a signature that you lose or gain all of your money or property. This kind of crime or fraud can have a serious or bad influence on its target and its whole life. Based on this unsafety, Fact Finders’ real estate fraud investigation is recommended for you. Contact us today to avail our top notch services related to real estate fraud investigation in Pakistan. Our services are available all across Pakistan. We are providing private detective services to local and international clients since more than a decade.
Real Estate Property Crimes
Real estate fraud can take several forms but the most involved cases are grand theft, identity theft, copy, and a virtual new scheme. Below are some types of frauds we mostly investigate for such cases:
- use of copied instructions to steal deposits
- real estate fraud investments scheme that typically includes the sale of trust deals
- buying land or property with straw buyers (in which the second party is also interested)
- Real estate identity theft, either by assuming the identity of the property owner or by claiming that they are the true owner of that property. Most cheaters then borrow against that property for selling or misusing. One of the most common targets of such schemes is to take over that property with large equity, mostly from an aged owner.
- copy of property documents or its previous records
Common Types Of Real Estate Fraud
To get private detective service Pakistan at affordable rates, contact FactFinders, which is registered company and providing services in all cities. There are several common types of real estate fraud that are discussed below:
Title Fraud
Title fraud means when the ownership title of the property is falsely changed or occupied by a fraudulent scheme by using illegal methods. In such a case, fake schemes attempt to sell property that doesn’t even belong to them by showing fake documents to the interested party. In this condition, that scheme or seller pretends to be the true owner of that property and tries their best to trap the interested party so that they will buy the property as soon as possible.
Value Fraud
Value fraud happens mostly when the seller or owner of the property provides fake information about the actual value of the land or real estate property to the buyer. This type of fraud is common when sellers neglect valuable information about the property’s features and other information regarding future importance, reselling, and other facilities on land such as gas, electricity, etc.
Foreclosure Fraud
Foreclosure fraud occurs when a scheme, company, or individual seller that are providing you the information about the property in which you are interested. Provides you the fake or misleads or misrepresents the property. They often misguide you that your debt can be modified and saved, but will never do that.
Mortgage Fraud
Mortgage fraud means a deliberate act of representing false or neglecting the true information about the real estate that is used by the mortgage lender to buy, insure, or fund the mortgage loan. This type of fraud involves getting the mortgage by using fake claims. Even if a seller claims the tile with a lie then it still comes into a mortgage fraud.
Syndicator Fraud
This type of fraud can include an individual, scheme, or an entire company that spends to donate money for massive assets. Although such a practice is not a fraud, this becomes a scam when syndicators require money for suspicious subscriptions under fake reasons without any kind of investment opportunity.
How To Prevent Real Estate Fraud?
As we have discussed above, real estate fraud can take many forms. So here we are going to provide you with some tips to avoid real estate fraud.
Get A Review
It is better to review about the property you are going to buy or in which you are interested and want to buy. If you don’t know anybody who has lived in that place before then you can get reviews about the place from the people around. This will help you to find out the reasonable and reliable property value as well, with respect to the advertising pricing range.
Avoid Rushing
People who rushed to finalize the transactions for real estate are mostly Freudians. Thus, rushing into the finalized property transactions could be the route to real estate fraud, no matter whether you are setting that property or going to buy it. It is better to take your full time to get information about the property or buyer and verify that information with the help of private investigators before finalizing any kind of deal.
Understand What You Are Going To Buy
This point is valid for those who are getting impressed just by seeing online pictures of the property and mentioned price value of it. As viewing photos of the land online mostly does not clarify anything as viewing it in person or live just in front of you. you should go and check what type of place it is, what kind of area it that, what facilities are provided there, especially by the government, investigate whether that society has electricity or gas availability or not, you should even investigate what kind of people are living in the neighboring houses as well.
Conduct A Thorough Investigation
you should conduct a thorough investigation about the real estate property in which you are interested just to make sure that all real estate agents that or the part of selling or purchasing is in your knowledge. It will help you to better understand who and what type of person is working with you. You should investigate for the person, from whom you are buying that property, that whether he/she is trustworthy or not. You can get useful information, not just about the real estate but the seller with the help of an experienced team of investigators by Fact Finders.
Best Investigators For Real Estate Fraud
Fact Finders are providing the best private investigators for each client out there. our investigators are experienced and trained for every type of case investigation. Real estate fraud prevention investigations have been provided for many clients by our investigators and fortunately, they are happy with that decision now. Our detectives can provide you the useful information about the property and the person who is selling you that property. Or if you are selling that property and want to investigate the party who is interested in your land, then we will also provide you their full information regarding their wealth, background, criminal records, fraud chances, etc. Mostly, people who want to buy a property comes to us for an investigation about the seller. to check whether that person is the true owner of that property or not, whether that property is just like what he is guaranteed, what type of facilities are there, and all such information about the real estate. We have also conducted background checks on the property sellers on the demands of our clients. So, hire your private investigator for real estate fraud investigation by Fact Finders if you are also interested in it.