Sophisticated scammers getting better: Taking out loans on property without the owner knowing it.

[Indus]

Another thing to watch out for anyone who owns or looking to get into home ownership.

I don't get it though.. why would the lenders just lend money without doing their due diligence?

 

[Moonbeam]

I'd say interest rates.

 

[GodisanAtheist]

"Sophisticated"

Sounds like the lender and the construction company are in cahoots on this one.