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Be careful of this Ryzer!

Sep 24, 2008 1:24 pm

re: Be careful of this Ryzer!

Ashis Dutta

This practice of receiving / paying advance before getting copies of property documents for verification, is something I never understood - why?

Property is much like second-hand car, you need to find out if it is a legal vehicle and also moves, before spending any penny on it.

I faced a situation like this and refused to pay advance for a property document.

Later, I bought property from a reputed builder who had offered copies of all the related documents before I spend a paisa.

I think, if the buyer community refuses to play ball to such outrageous practices, it will recede.

One question: are there any banks which offer escrow account to park such advances?

Ashis

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