Furthermore, it is fundamental for a prospective buyer to verify the title of the seller to the property. Failure to carry out this verification might become prejudicial and adversely affect the buyer in the event the seller’s title is defective. It is a trite principle of law that a person who does not own a property, especially a thief, cannot confer it on another person except with the true owner’s authority. This principle of law is expressed in the Latin maxim ‘nemo dat quod non habet’.
The foregoing are the basic due diligence measures to be undertaken to prevent or minimize the risk of real estate fraud. It is also sacrosanct to engage the services of real estate professionals to assist the buyer in all levels of the real estate transaction.