Real estate scammers and bogus brokers, BEWARE

National, News

The Department of Human Settlements and Urban Development (DHSUD) has warned real estate scammers and bogus brokers engaged in illegal selling of real estate properties, it will shortly run after them.

DSHUD Sec. Eduardo del Rosario, the government’s housing czar, said they will launch soon an intensified campaign against illegal activities related to  government  housing and human settlement projects.

“We need to put a stop to these illegal activities through pro-active efforts in collaboration with our stakeholders, including legitimate developers, who are also falling victims to these scammers, and other government agencies,” he said in a recent statement.

Del Rosario ordered DHSUD’s regional offices to craft their respective campaigns plans against real estate scammers, including unscrupulous developers, brokers, and agents,

Del Rosario has tasked DHSUD’s top officials to strengthen collaboration with other government agencies including the Department of Justice (DOJ) and the Department of the Interior and Local Government (DILG) and partner-developers in pursuing efforts to eliminate illegal activities in the housing industry.

The DSGUD initiative came in the wake of reports that some unregistered developers and real estate brokers are illegally selling lots and housing units and victimizing  unsuspecting buyers through social media.

Based on Presidential Decree 957 and Housing and Land use Regulatory Board (HLURB) guidelines, “no real estate broker or salesman shall engage in the business of selling subdivision lots or condominium units without being registered.”

DHSUD exercises regulatory powers over real estate developers, brokers and salespersons who are obliged to register with the DHSUD before engaging in property selling.

“We should protect our home buyers, especially overseas Filipino workers, from these scammers,” said del Rosario who also reminded the public to avoid falling prey to real estate scammers and bogus brokers,

He said buyers can demand copies of the “certificate of registration” specifically issued for the property being sold and their “license to sell.’ Both documents are applied for with the DHSUD before a project can be advertised or sold.

Del Rosarion said these documents must ensure that a project is compliant with government requirements and standards. When in doubt, home buyers may seek help  from DHSUD central office or any of its 16 regional offices nationwide, he added.

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