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Tips to Avoid Land Scams
Some of the common land scams that happened in UK recently are London land scams, Kent land scams and Sussex land scams.
Some of the Tips mentioned below can help you to avoid land scams like the ones happen in UK (London land scams, Kent land scams, Sussex land scams)
• Don't invest in land unless you can afford what lose what you invest.
• If it sounds too good to be true, it probably is. No legitimate promoter ever will claim to offer a risk-free land investment--commodities or securities investment is basically a form of speculation or risk-taking, solicitation that claims there is little or no risk is a dangerous "red flag."
• Make sure the broker's address and phone number match the company for which he claims to work.
• Never give money to collector/messenger who comes to a consumer's home following up on a phone sale. Never write the land broker's own name on a check as the payee; use the company's name instead.
• Ask the land selling firm to send a prospectus or other literature about the land and the firm. Don't be swayed, however, by the glossy brochures con artists produce. Also, ask for a written proposal describing conditions of the contract and a form outlining the risks involved with the land investment.
• Ask a phone solicitor to explain the investment to your lawyer or accountant. Even if you don't have an attorney or accountant, ask anyway because the salesperson¹s response might be a tip-off to his real identity.
• A legitimate broker will have no objections while a con artist will say something like, "Normally I'd be glad to, but there just isn¹t enough time for that," or "Those people give land investment advice."
• Arrange for a meeting at the broker¹s or your attorney¹s office. It is never a good idea to do business with a faceless person over the phone. Ask a third party to attend.
Land Investment Scams--How One Scam Works
Fraudulent brokers often run their business from a "boiler room"--a low budget office lined with telephones.
The class fraud involves an out-of-state promoter who contacts prospective buyers by phone. The promoter's sales pitch includes:
• Claims that no risk is involved.
• Guarantees of large and fast profits.
• A requirement that money be paid immediately or the opportunity will be missed.
• A requirement that Land Ownership is required for getting a VISA of UK.
Under the scam, the consumer--convinced the promoter is making a legitimate offer--sends large sums of money to the promoter. The fraudulent promoter then disappears with the money.
About the Author: The author is a Land Expert based in the UK.