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Heard about REDC? Is this a scam?

Consider this property advertisement: "A 2-bedroom-hall-kitchen apartment in New Cochin for just Rs.7.99 lakh. And not just that you will get a home loan of 80% for the property." Sounds attractive, doesn't it? No wonder thousands, including non-resident Indians (NRIs), fell for it. Unfortunately, it turned out to be a huge property scam and investors lost close to Rs.1,000 crore, according to various newspaper reports. The advertisement-posted online by Kerala-based developer Apple a Day-promised villas and apartments in the heart of Cochin at attractive rates. What went in favour of the developer were a couple of completed projects.

George & Nicole Wood share their online REO auction experience about REDC & Auction.com. REDC Scam or Legit Auction? Find out here....

When selling a house fast to a local house buying company, you should be aware of the signs of a potential we buy houses scam.

I mentioned in an earlier post that scammers are smelling blood in the water and are searching out homeowners who are facing foreclosure. The anxiety and desperation that people are feeling in these circumstances can make them easy prey to schemes and scams that purport to be able to help them but in reality take away their homes.

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The property listing on various real estate portal looks like a dream property such as ideal location, has perfect and beautiful photos and is well below your financial budget. You send off an enquiry and get a speedy reaction from real estate agents: the landowner is right now abroad and can't demonstrate to you the home. But if you can make online transfer some amount as a deposit as soon as possible, the property is yours.

Scam being exposed

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Tips And Warnings Keep in mind the consequences of late payment or default to motivate yourself for timely payment. Make sure you have chosen the legal and trustworthy lender in order to avoid being a victim of any loan scam.

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All our lives we have a dream to own a house. And many of us work for all our lives to fulfill this dream.

I had to opportunity to check out the REDC auction today with one of my clients. I have been curious about these auctions for quite a while, but honestly had a skeptical attitude after ready so many bad reviews. So what did I find out at the auction? Did

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Like each other industries, Dubai Real estate industry is not protected from traps. There are social events of people endeavouring to harm land specialists, crediting associations, money related masters, landowners, buyers and inhabitants.

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