Illegal Sale of Property
NRIs often seek solutions for the sale of property because property fraud is a bane for them considering that they are not able to constantly review the present status of their land and properties in India. This could involve travelling to India more, which they are not always able to manage and which can become a mental as well as physical hassle. They need to be more proactive and manage their property yourself – whatever is the pattern or system they follow. They could be visiting India more or they could appoint a caretaker who reports to them consistently.
As a precaution, property should be mutated and transferred in your name and not be allowed to be in the name of people who have passed away. This would ensure that the people who unnecessarily would indulge in land grabbing are warded off.
The real estate market has been a burgeoning one, to say the least. Now a lot of things get handled and managed maturely but fraud practices are also equally prominent. Increasingly we have many clients coming to us for sorting out their issues. People are vary of entering into any transactions for fear of deceit and trickery. There is an entire nexus that operates between officials at various levels, dealers and their legal representatives – in some manner or the other, this affects the entire system. NRIs are even more vulnerable to this system of fraud.
There are various ways that fraud can occur in this particular area. One of the most common ways is the impersonation of the owner who is selling or the one who is buying. Frequently there are cases where people impersonate as the owners and carry out the transactions.There have been many cases where impersonators especially search and earmark properties owned by NRIs. Then they resort to fake identification proofs and indulge in property fraud. From our experience, we can talk about many horror stories of NRIs in such matters. Be it any state of India, NRIs in every part of the world have at some time or the other experienced these fraud issues. There are various stories of their land being illegally occupied or grabbed by people claiming to be relatives or friends or agents. Fake documents are used to carry out fraudulent sales. Forged documents – even Power of Attorney papers – present an obstacle to any NRI trying to indulge in any transaction.
Misuse of the Power Of Attorney documents also leads to fraudulent practices. It is very common to see an NRI being duped with the aid of fake POA – more often than not, in cases of buying and selling NRIs become vulnerable to malpractices because they lack the time, knowledge or support from appropriate lawyers for these matters. Forgery of documents like titles deeds or Wills is another reason that people have to undergo this problem of illegal sale. Fabrication of legal documents leads to illegal buying and selling. It is not uncommon to find that NRIs who can’t travel much to India have been duped of assets worth huge amounts for want of awareness about the proper way of making documents and preventing forgery.Illegal sales, property fraud, document forgery can all be successfully challenged and the rightful owner’s legal rights can be restored. It is here that our company can help and sort out these matters.