Property title and double-mortgage fraud
Forged title deeds and the same property pledged with multiple lenders put buyers and borrowers at serious risk.
5 min read
What you need to know
In double-financing fraud, a property already mortgaged to one lender is pledged again using forged or duplicate documents. Buyers may also be sold a flat that is under a bank charge or owned by someone else.
Before buying or lending against property, conduct a title search for at least 30 years, check the sub-registrar's encumbrance records and search the CERSAI registry for existing charges.
Insist on original documents, verify RERA registration for projects, and use an independent lawyer. Banks conduct legal and technical due diligence for this reason — do not try to bypass it.
If you have lost money, call the National Cyber Crime Helpline 1930 immediately and file a complaint at cybercrime.gov.in. Inform your bank at once: under RBI's customer-liability rules, reporting an unauthorised electronic transaction within three working days generally limits your liability to zero when the fault lies with a third party. In Mumbai, Thane and Navi Mumbai you can also visit the nearest police station or cyber police cell with your bank statement and screenshots.
Continue your research
Use this guide alongside our product details and eligibility criteria before choosing a lender.
Key points and practical checks
- Search CERSAI for existing mortgages
- Obtain an encumbrance certificate
- Verify originals and RERA registration
- Use an independent legal opinion
Frequently asked questions
What is the main takeaway from “Property title and double-mortgage fraud”?
Forged title deeds and the same property pledged with multiple lenders put buyers and borrowers at serious risk.
What should I check before acting on this banking & finance fraud guide?
Start with these checks: Search CERSAI for existing mortgages; Obtain an encumbrance certificate; Verify originals and RERA registration. Your final eligibility, pricing and approval still depend on the lender’s assessment.
Can the information in this guide guarantee loan approval?
No. It is general educational information. A bank or NBFC makes the final decision after checking your credit profile, repayment capacity, documents and the applicable product policy.
How can iFINTRUST help after I read this guide?
An iFINTRUST advisor can review your requirement, explain the documents normally requested and help you compare suitable lending options before you apply.