Every day, countless Nigerians wake up to the nightmare of discovering they’ve bought land or property already in dispute (encumbered property), used as a collateral, or a property outrightly not for sale. Sadly, many only find out when it’s too late.
In this post, we will show you a simple but powerful way to avoid buying a property that will bring you financial and legal trouble. Keep reading to find out how EncumberedProperties.com is helping people like you make safe, informed property investments.
What Is an Encumbered Property?
An encumbered property is a land, also a building that has a legal or financial claim against it. This could include:
- Properties being used as collateral for loans;
- Disputed family inheritance;
- Government-acquired land;
- Properties under court litigation.
Buying such a property can lead to lawsuits, demolition, or even loss of your entire investment.
A Real-Life Example: Victoria Court Estate 3
Recently, a property located at Igando Orudu Town, off Solu-Alade Road in Ibeju-Lekki, Lagos State, was flagged on EncumberedProperties.com. This land, totaling 234,292.759 square meters (23.429 hectares), is currently not up for parcellation or for sale.
Even though the property is not in any known legal dispute, it has not been used as collateral for any loan. Unfortunately, some agents are said to be marketing this land to unsuspecting buyers without owners consent.
This is where EncumberedProperties.com comes in.
How EncumberedProperties.com Works:
EncumberedProperties.com is the only real estate fraud prevention platform. It allows property owners, creditors, and legal representatives to list any land or building that is not available for sale due to disputes or financial obligations.
You can:
- Search any location to check if a property has been flagged;
- View survey plans and coordinates uploaded by verified users;
- Enlist your own property either as encumbered, disputed or undisputed but not available for sale. Moreover, it’s entirely free of charge!
- Protect yourself or your organization from fraudsters and land grabbers.
How to Enlist a Property (in Minutes)
You don’t need to go through any agent or staff. Here’s how to do it:
- Go to [www.encumberedproperties.com](http://www.encumberedproperties.com)
- Sign up and log into your account;
- Select the country (e.g., Nigeria), state, and local government;
- Upload the survey plan and coordinates of the property;
- Submit in brief reasons for enlistment: example: disputed, etc;
- Submit your contact number;
- Submit for publishing!
The entire process is seamless and can also, be completed from the comfort of your home.
Why You Should Always Check Before You Buy
A simple search on EncumberedProperties.com can save you millions. Before paying any deposit or signing any documents, run a check to be sure the property is not flagged.
If it’s listed as encumbered or in dispute, do not proceed with the purchase until you hear the side of the story of the person who enlisted it on the Platform.
Conclusion: Don’t Buy Trouble with Your Own Money!
In Nigeria today, ignorance is not an excuse, especially when tools like EncumberedProperties.com exists. If you’re planning to buy property, be smart. Take one minute to confirm the status of that land.
Remember, when it comes to real estate, it’s better to lose a deal than to lose your money.
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 also, informed property investments decisions.
In summary, before you buy any property anywhere in the world, 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 other 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, and a senior police officer and by God’s grace, the founder, encumberedproperties.com