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How To Identify A Fraudulent Set-up In Property acquisition In Nigeria - Properties (2) - Nairaland

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Re: How To Identify A Fraudulent Set-up In Property acquisition In Nigeria by enilove(m): 4:26am On Sep 16, 2013
excelsiorfarm: it is possible, with falsify documents, but u have an option to visit at interval, if in location u have neighbors, keep in touch with yr neighbor aside d agent to get d true pic of happenings concerning yr property,put a metal stand with detailS tel,belongs to,to check trepass. if the worst had been done,first step is report to authorities,ignore d buyer(since u never sold anything personally on it),if any structure already on it, write yr details on it as d owner, they will call for talk & negotiation, never do property deals in isolation,for safety & guide against losses


Thanks for the advice, God bless you.
Re: How To Identify A Fraudulent Set-up In Property acquisition In Nigeria by excelsiorfarm(m): 5:25am On Sep 16, 2013
enilove:


Thanks for the advice, God bless you.
Amen.
Re: How To Identify A Fraudulent Set-up In Property acquisition In Nigeria by ayobase(m): 7:35am On Sep 16, 2013
Jarus:
4. Pointing out Buildings without Any Depth of Knowledge about the Owner: This is closely related to the above only that it is more pointed. In your discussions, you might find the agent just reeling off the various addresses of properties from his list but knows nothing about the owner(s) or the details of the property as in the house type, street number and details of ownership documents. In other words, the agent is not convincing.

5. Strange Relationships: This also makes reference to the office. You may note that there is no coherence in office activities. Perhaps the person introduced to you as the Chairman does not seem familiar to the person introduced as manager. Again you might have observed that there are too many whispers here and there between staff each time glancing at you or being pretentious. You may need to back out quietly of such relationships.

6. Hurry:
This is another strong point you need to watch. If everything about the people you are dealing with is hurry; hurry for payments; hurry and hurry; you are under pressure to perform or the agents exert a sense of compulsion in the things they want you to do. Wait to think so you can operate with a clear mind or else you might have agreed to do things you may never be able to reverse.

http://www.jarushub.com/acquiring-a-property-in-nigeria-how-to-identify-a-fraudulent-set-up-i/
Re: How To Identify A Fraudulent Set-up In Property acquisition In Nigeria by intrepid: 12:09pm On Sep 16, 2013
Chinwem: Very good write up!

And also they can try to sell you an uncompleted structure or promise to renovate part of an old one immediately before you re due to move in..........all lies!!! If they were serious about renovating they would ve done it before putting it up for sale or allowing you to inspect and collecting your money.
Nigerians spoil the most lucrative of businesses.In Flipping properties,some old ones are actually acquired and renovated,then resold in a better condition.
Re: How To Identify A Fraudulent Set-up In Property acquisition In Nigeria by Nobody: 12:25pm On Sep 16, 2013
enilove: I have a property for sale but I would like to know if it is posible for an agent to dispose d property without my knowledge and pocket d money.


If your land is registered, you could go to the land registry and register a caution on your land. This can only help you when the buyer is a cautious one. So If before He pays for the land, he visits the land registry to ascertain that the land is free from all encumbrances, they would notify him of the caution On the land and they would in turn notify you of the purported sale.
Re: How To Identify A Fraudulent Set-up In Property acquisition In Nigeria by creativemusic: 7:51pm On Sep 16, 2013
grin grin grin grin grin grin grin grin grin grin grin grin grin grin grin grin

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