Exposing the 300 Billion Real Estate Fraud Scam in Pakistan - Bahria Town Karachi - Zafar Abbas from class courses for real estate Watch Video

⏲ Duration: 9:3
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✓ Published: 08-Jun-2024

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Exposing the 300 Billion Real Estate Fraud Scam in Pakistan - Bahria Town Karachi - Zafar Abbas<br/><br/>A property scam is a fraudulent scheme that involves deceiving people for money or other valuables using real estate. Scammers can target both those looking to buy or rent property, and even existing homeowners. Here's a breakdown of the key aspects:<br/><br/>Deception:The core of a scam is deception. Scammers will lie about the property, their identity, the urgency of the situation, or the terms of the deal.<br/><br/>Money or Valuables:Scammers aim to steal money from their victims. This could be upfront deposits, down payments, application fees, or even personal information they can use for further fraud.<br/><br/>Real Estate:Property scams use real estate as a lure. They might advertise fake rentals, misrepresent the condition of a property, or try to steal ownership rights.<br/><br/>Here are some common types of property scams to be aware of:<br/><br/>Rental scams:Scammers advertise fake properties or ones they don't have the right to rent. They pressure victims to send money for deposits or application fees before even seeing the place.<br/><br/>Bait and switch:Landlords or agents advertise a desirable property but claim it's unavailable. They then try to push a less attractive option on the interested party.<br/><br/>Foreclosure scams:Scammers target distressed homeowners facing foreclosure, promising to save their homes for a fee, but ultimately disappearing with the money.<br/><br/>Phishing scams:Scammers pretend to be legitimate entities like lenders or real estate agents, tricking victims into revealing personal or financial information.<br/>