Warning! Scam Tactics: Fake Transfer Cancellation to Claim Damages

Official announcement from the Department of Lands: How to protect yourself from fake transfer cancellation scams

Announcement from the Department of Lands.

Currently, there are scammers pretending to be buyers (or agents).

They agree to purchase properties listed online

and place a high reservation deposit.

But as the transfer date approaches,

they call to cancel

and ask for a refund of the deposit (there might have been an agreement when signing the contract).

However, the scammer still goes to the Department of Lands at the appointed time.

The owner/landlord, having already been informed about the cancellation,

does not show up at the scheduled time to transfer ownership.

This allows the scammer to request CCTV footage from the Department of Lands

to claim damages from the owner/landlord

on the grounds of breach of sales contract

for not showing up to transfer ownership as specified.

#How to prevent

If there is a cancellation of the transfer,

make sure to have documents or written evidence from the contracting party

confirming the cancellation.

Never cancel by phone call or verbally.

This is a notification for everyone’s awareness.

Nowadays, everyone is paranoid. Lol.

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