Introduction
Franklin D. Roosevelt once said, “Real estate cannot be lost or stolen… it’s the safest investment in the world.” That’s true, but only when you’re buying genuine, dispute-free land.
Unfortunately, the Nigerian real estate sector has been plagued with fraudulent schemes and also, dubious characters who exploit unsuspecting buyers. That’s why Encumbered Properties exists, to expose red-flag properties and also prevent innocent investors from falling victim.
Our latest red alert? A shocking revelation from Anambra State Government.
Anambra State Issues Red Alert on Eze Ndi Eze Estate.
The Anambra State Ministry of Lands, through a statement by its Permanent Secretary Nkeiru Mokwe, has also warned the public against investing in the Estate called Eze Ndi Eze Estate which is being currently promoted within the state.
In fact, the said estate has no approval or layout. It is therefore illegal and unapproved for investment, the government warned.
Therefore, buyers are strongly advised to stay away, as any purchase in that estate is at your own risk.
How Do You Know a Property is in Dispute?
We spoke to a property lawyer, a very senior police officer, and the founder of EncumberedProperties.com, Mr. Madueke Enwere, who explained how difficult it is to verify whether land is encumbered or disputed:
- Property dispute often aren’t documented anywhere;
- Land owners may avoid updating records due to bureaucracies and cost;
- Verification through courts and land registries can be time-consuming;
In fact, the foregoing have created the perfect opportunity for fraudsters to take advantage of.
However, the good news is that EncumberedProperties.com: Your Real Estate Watchdog and Fraud Prevention Platform offers a free public database where individuals can:
- Report lands in dispute;
- Flag properties not for sale; and
- Check if any land is encumbered before buying.
Think of it as a public “Buyers Beware” platform that protects everyone involved.
How to Enlist a Property on Encumbered Properties:
If you have land that’s in dispute or simply not for sale, enlist it to prevent fraudulent transactions.
Steps to enlist:
- Visit [www.encumberedproperties.com](https://www.encumberedproperties.com)
- Sign up for a free account
- Go to the “Enlist Property” section
- Select the state and local government area
- If the location of the property is covered by GPS or Google map, you select accordingly otherwise you manually input the location and upload the survey plan
It’s 100% FREE!!!
Protect Yourself and Others:
Whether you’re a buyer, landowner, or real estate agent, transparency protects everyone. By listing a property on our platform protects you and others from land fraud and legal battles.
Conclusion
Land fraud is real. But platforms like Encumbered Properties empower you to act wisely. Before you buy any land in Nigeria, visit www.encumberedproperties.com. It might save you from a massive loss.
Have a property to flag?
Enlist it today — it’s free and only takes a few minutes!
Have you encountered a real estate scam? Share your experience in the comments below to help others stay informed!
At Encumbered Properties, our mission is to help you make safe and informed property investments decisions. Before you buy, always:
Verify the property’s status on EncumberedProperties.com;
Consult a real estate lawyer; and
Avoid untraceable cash transactions.
Watch the complete video of this article being extensively explained for better understanding by clicking on the video below, or visit our YouTube channel through the link below in this article to watch the educative video and many more informative piece to keep you scam free on real estate investing.
While you watch out for our next article, follow us on:
Facebook: Encumbered Properties Limited
YouTube: @encumberedproperties
Instagram: @encumberedproperties
Want to learn more? Drop your questions in the comments below, and let’s discuss how to make real estate investments safer and profitable!
This article was put together by Madueke Enwere: a property lawyer, a real estate investor, a senior police officer and by God’s grace, the founder, encumberedproperties.com