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Latest Stories on home loan scam

Scam Alerts

 
Two held for posing as builders, cheating homebuyers

Friday, January 10, 2020, 3:34 PM

Two held for posing as builders, cheating homebuyers

Two people who pretended to be builders and cheated homebuyers have been arrested by Central Crime Branch (CCB) officers. They had obtained loans to the tune of Rs 20 crore from different banks and had remained elusive for over a year. Investigations revealed the duo, who posed as builders, used to lure prospective buyers by showing them under-construction buildings and receiving advance payments from them "They opened fake bank accounts in the names of the original property owners and obtained loans by creating bogus sale deeds. They cheated both banks and homebuyers,” police said.

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Blog

 
How to spot a Home Loan Scam?

Thursday, September 5, 2019, 6:24 PM

How to spot a Home Loan Scam?

How to spot a home loan scam? Buying a house is a dream come true for many people. In India, a large number of people buy a house, availing a home ...

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