By Mindanao Daily News Network
ILIGAN CITY – In an effort to curb illegal selling of houses in subdivisions from companies that are not duly licensed to sell and other related violations, the National Bureau of Investigation (NBI), together with the regional office of the Department of Human Settlements and Urban Development (DHSUD-10) issued a cease and desist order against Jam Realty Development, for alleged violations.
Regional Director Ariel B. Abragan of DHSUD 10, together with NBI agents from Iligan City swooped down at Jam Realty Development office in Iligan City ,and served the cease and desist order and the notice of violation of the said company.
The issuance of the cease and desist order, according to Director Abragan, would temporarily block the company from selling houses on subdivisions they reportedly developed in Northern Mindanao.
Director Abragan said in an advisory posted on their Facebook account Jam Realty Development has no license to sell and the company also does not have a certificate of registration from DHSUD, and other necessary permits and pertinent documents to support their day to day transactions.
“We are mandated to protect the buyers, would-be buyers and their hard-earned money from unsafe real estate business practices,” the director said in a statement.
The Department of Human Settlements and Urban Development, together with the National Bureau of Investigation, are part of the “Anti-Illegal Real Estate Practices Inter-Agency Task Force” in Region 10, through JMC No.1, series of 2021.
Mindanao Daily News yesterday tried to contact the office of Jam Realty Development to explain their side on the alleged violations identified by DHSUD-10 against the said company but to no avail.
Earlier, DHSUD Regional Director Ariel B. Abragan warned illegal operators to crack down and prosecute them if they continue to operate sans mandated company registration with DHSUD-10 and acquiring a license to sell – to officially and professionally operate in Northern Mindanao.
Abragan also warned realty agents to secure proper permits from government agencies before they could join any realty development companies and sell houses and raw lands.
It was learned that realty agents brokering for subdivision houses, raw lands and related activities should pass a brokerage exam to secure a license as a duly registered real estate broker.
DHSUD Regional Director Ariel B. Abragan and NBI Regional Director Patricio S. Bernales, Jr., prepare crackdown on these alleged bogus developers, unregistered brokers and colorum salespersons.
Multiple cases involving illegal real estate practices are being built up as an alarming influx of complaints from victims are received by DHSUD.
RD Abragan said during the meeting that, “It is the job of DHSUD to protect the community from being victims to these real estate scammers. We make sure that our fellowmen’s hard-earned money for their dream homes are safe.”
Atty. Patricio S. Bernales, Jr. also expressed his full commitment in this effort to eradicate schemes that are oppressing these buyers.
He and Abragan agreed on the importance of this collaboration in going after these unscrupulous individuals who entice people with low-priced schemes subdivided lots but without license and registration from DHSUD. ###