Real Estate Story

The professional swindler placed an office in the said area and he fooled many brokers and agents to sell the subdivided lots for a bargain price of about Php1,500 per square meter with a Php10,000 reservation fee. The agents received about Php2,000 commission for every reservation sale they made. Motivated, the agents were armed with brochures, maps, and reservation form and the pre-sold the subdivided lots to many unsuspecting buyers. After about a year of selling, the swindler was found out, but he already left with millions of pesos.