Be very careful when buying property that are in pre development stage because most of the real estate fraud in the Dominican republic involve this type of property, my motto is if I can’t see it I can’t buy it. The problem with these projects is that the money can run out before the project is finish leaving investors caught in the middle or they can also be a scam. This is one of the most common types of Dominican fraud. Some “developers” will start promoting some really unbelievable property at great prices and then just runs off with all of the investor’s money and there is really very little you can do if you fall victim to this kind of Dominican corruption. The sad part is that it’s mostly foreigners that are coming to the Dominican Republic and setting up this type of scam.
The real estate boom in recent years has attracted not only buyers but scam artist looking to prey on people who do not have much experience or knowledge about Dominican laws. It seems like everyday a new story comes out on the news about some kind of real estate fraud and corruption in the Dominican Republic.
Robert added.
Text deleted below. Why?
This post is obviously a sock and a spammer trying to market his website.
The real estate boom in recent years has attracted not only buyers but scam artist looking to prey on people who do not have much experience or knowledge about Dominican laws. It seems like everyday a new story comes out on the news about some kind of real estate fraud and corruption in the Dominican Republic.
Robert added.
Text deleted below. Why?
This post is obviously a sock and a spammer trying to market his website.
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