In a recent case from Navi Mumbai, a 48-year-old doctor was allegedly cheated of ₹70 lakh in a real estate fraud. Three individuals, including a woman, showed him a flat that was already sold to someone else. They convinced the doctor to pay ₹70 lakh for the flat, but when he failed to get possession, they evaded his calls. Unable to recover his money, the doctor filed a complaint with the police, who registered a case of cheating and criminal breach of trust. 

This scam could have been completely avoided with Castler Escrow, a secure platform that safeguards payments until all conditions of a transaction are verified and conditions are met. In this case, the buyer would have deposited the payment into Castler’s escrow account, and the funds would have been released only after confirming property ownership and possession. By using Castler Escrow Service, the buyer’s funds would have remained protected, ensuring payments were transferred only when all terms were legally fulfilled and verified. Even if the seller attempted to deceive the buyer, the transaction would have been paused, preventing financial loss. 

How Castler Escrow Prevents Fraud: 

Contract Validation and Legal Compliance 

Legal documents, including the Agreement to Sell and Title Deeds, are reviewed and validated before funds are held in escrow. This eliminates the risk of fraudulent or incomplete documentation. 

Conditional Fund Release 

Payments are conditionally released only after verifying key milestones, such as property registration and ownership transfer. The fraudsters in this case would not have received any funds without meeting these requirements

Dispute Resolution Mechanism 

If any issues arise, Castler offers a dispute resolution mechanism to pause payments and investigate concerns before proceeding. This would have given the victim time to withdraw from the deal safely. 

Digital Audit Trail and Transparency

 Castler provides a detailed transaction record for complete transparency, ensuring accountability and deterring fraudsters from attempting scams. 

KYC and Seller Authentication 

All parties are verified through Know Your Customer (KYC) checks, exposing discrepancies or impersonations early in the process. 

Conclusion: 

With Castler Escrow Service, transactions are protected at every step through ownership verification, legal checks, conditional payments, and dispute resolution. For secure, transparent, and fraud-proof transactions, Castler Escrow Service is the ideal solution.