Follow these tips to avoid real estate fraud

Karla Aguilera

Guadalajara, Mexico (August 26, 2022) .- 

The  real estate sector  is an option to start  investing  your money, take into account these recommendations to avoid  deception and fraud . Diego Espinosa de los Monteros, president of the Board of Directors of Treestate, a company dedicated to certifying  real estate projects , assured that it is currently common for people to fall into  fraud ,  deception  and  bad practices  in the sector when they dare to  invest in projects . “To have a  responsible investment,  you have to take into account the environmental, social and corporate governance factor, as well as their accreditations. There are many developers and especially financial institutions or private investment funds, it is important that the end consumer looks for the real estate development to have some certification, such as the one of  trust in real estate , ”said the expert. Therefore, he revealed these details to take into account to be a responsible investor: 1. Request the  construction license , since he pointed out that the real estate project must have one, if it does not have this, it will have complications and a high risk in the investment. 2. That the project has the  viability of the use of land , this document is an authorization by the government that allows the use of the land and that there are the necessary conditions for construction, whether it is a vertical building, an industrial park or a shopping center. 3. There must be a  legal vehicle , that is, there must be  legal documents , deeds, licenses and permits that guarantee the investment and the real estate project. 4. Take into account the  experience  of the  development company  and those in charge of the project, from architects and those involved. 5. Prefer those projects that have some  certificate , which gives certainty and  confidence to invest , as well as  reduces risks  and losses of money. Regarding companies dedicated  to real estate development  and investments, Espinosa de los Monteros recommended that they have the following: Integrity and experience in the company Viability of the project Planning and monitoring during the execution of the work Evaluation of satisfaction of the end user and investors Have certificates

If you fall for scams, it could take years to recover your money.

Currently there is the case of the multimillion-dollar fraud by the company  Asesores Jurídicos Profesionales  ( AJP ), where so far there are more than 940  victims  who have  reported  the fraud. According to experts, solving a case of that magnitude  could take years and more additional expenses for the entire legal process. Also, another similar case of alleged fraud  was recently made known  , by the company  Green Oceans Inc. , where the  victims reported  that the company invited them to invest and obtain 20 percent monthly interest; however, they were scammed. https://www.mural.com.mx/sigue-estos-consejos-para-evitar-fraudes-inmobiliarios/gr/ar2459626?md5=315170ca9ee17ad4ad0539b2b4800e0f&ta=0dfdbac11765226904c16cb9ad1b2efe&utm_source=whatsapp& utm_medium=social&utm_campaign=subscriber_promotion