NRI property sold using forged documents

Here is a recent news item on The Hindu

NRI property fraud

Many such real estate transactions can be avoided byboth Buyer and Owner

Buyer – If the buyer is aware of all necessary documents that are needed to buy a land/property, then it is very difficult to trick a buyer. Many times a check on EC, Patta, A-register, FMB, original parent documents, linking docs, legal heirship, etc. will tell if the land belongs to the right owner. Unfortunately, in these fraud cases some times the buyer is also aware that the seller is not the rightful owner.

Owner – From a owners point of view, there are certain simple things you can do to protect such incidents, like monitoring your property frequently, safe guarding your docs, applying EC, etc. When fraudsters know that a property is taken care of, they will choose someone else property over yours.

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