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How to determine whether a flat is being attacked by loan shark?

If there is tell tale sign such as digital camera and plastic bag cover on the neighbour main door, is it consider high chance of being attacked by loan
shark?

What are the methods and how to check if the flat has any history of being attack by loan sharks?
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3 Answers

Afternoon,

Some owners install CCTV to monitor the movement of their maids or children. Some cover their gates with plastic sheets to prevent dust or waste water, from the washing or corridor, from getting into their units.
Tell Tale sign is mostly found on the unit. A prudent and experienced salesperson will be able to assist you on that.
However, it's never 100% foolproof. A seller can choose to borrow money from loan shark, slightly before completion and let the buyers suffer. Thus, it's also dependent on luck and who are you sellers.

FYI
Mike Lim
 96929209 
ERA Read More
1
Hi AY,

The most prudent way is to monitor the unit you are interested in overnight for a few weeks to determine, but who does that? Especially so when clamping down of such activities has been tight. What I do understand from the transactions I've handled is that the loanshark runners do not operate or vandalise the unit every other day but probably alternate months.

A more tell tale sign of such units maybe the asking price which you may feel that is too low in terms of market sentiments, but who is not tempted to buy a cheap unit?

Looking for a HDB? Call me if you require any assistance.

Regards,
Geryl LIM
Real Estate Consultant
CEA Reg R014783H
Mobile: +65-81577565 
Email: lim.geryl@yahoo.com.sg Read More
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Hi,

Regard to your question. Why not you just drop me an email at ot1984pierre@gmail.com or Contact me @ +65 8 2 7 9 8 3 2 7

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