Buy a car or apartment: how to avoid “double” selling / Pravo.ru
For ordinary people, the most expensive purchases in their lives are a car or an apartment. It takes a long time to save money for this or requires them to take out loans that will have to be paid back over many months or years. In order not to lose both the purchase and the money, it is important to know about the risks of fraud. One of these is “double selling” on the secondary housing market. After all, unscrupulous owners or their “representatives” can sell property many times. Out of several applicants, only one will receive the property.
Arina Dovzhenko, a Partner and Head of the Real Estate & Construction Practice at Borenius Russia, commented on what is the best way to protect yourself in a situation involving the double selling of real estate.