Overcoming Fraud in Property Transactions

by

Ed.

From www.bartier.com.au: Fraud risks in property transactions have increased due to the urgency of settlements, but the adoption of the PEXA platform has improved security and identification processes.

Measures such as verification of identity, title insurance, and the Torrens Assurance Fund provide remedies for victims of property fraud.

Property owners can further protect themselves by conducting due diligence, using legal safeguards in contracts, and lodging caveats on their titles.

Filed under: Accounting & Audit, Property

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