SouFun China's first overseas land auction project questioned

Abstract: According to the Chinese voice of "news in the vertical and horizontal" report, SouFun group China's first overseas land auction project was questioned, the land was switched, the title was shrunk, consumers were cheated. In this respect, the Search House international related responsible person said, is investigating the incident. Search

China's first overseas land auction, SouFun, has been questioned, with land being swapped, leases shrinking and consumers cheated, according to the Chinese voice of the news. In this respect, the Search House international related responsible person said, is investigating the incident. How does SouFun operate an overseas land sale project? How about the background of the American developer who chose to cooperate?

Mr. Wang and his wife in Beijing took part in the SouFun launch of the third phase of the U.S. Grimble Land project, saying that it was the trust of SouFun that only signed on a three-page contract, one of which was a signed page.

Mr. WANG: If you spend 23900 dollars, you can buy a 35000 dollar worth of Florida land. The contract is only 3 pages A4 paper, or in both Chinese and English, we were very concerned about signing such a contract. SouFun's answer is not to worry that the US contract is valid as long as the seller and the buyer have signed it, and that the previous customers did so.

In addition to the simple contract, Mr Wang was surprised that his original choice of land was quietly switched, and that the nature of the title changed to "Quit Claim deed", that is, the disclaimer contract, in the United States, the conclusion of such contracts between strangers is usually not protected by law. Because of this, Mr. Wang's land deal was also assessed by the local government website as "unqualified". Mr. and Mrs. Wang found that many Chinese buyers have bought land of this nature since the SouFun began operation in 2011.

Mrs. Wang: We find that we are not the only ones deceived, in 2011, the first successful online auction Ms. Yeh, she obtained the title, is also "Quit Claim Deed" form.

In this respect, Peking University's Faculty of International Law Lu Yi reminded:

Lu Yi: In practice, this kind of deed only exists between family or husband and wife for the transfer of property rights, which is just a simple transfer procedure. If Chinese buy real estate in the United States, the Chinese buyer is advised not to sign it separately.

On the deed of Mr. and Mrs. Wang, the land transaction was made by a company called Avazio Group LLC. In the United States, the public website can be queried, the company after Mr. Wang and his wife to SouFun signed a contract before the establishment, and after 2 months of disintegration. Mr. Wang questioned, SouFun found a bag company.

Mr. Wang: The company was just set up in mid-September 2013, and it collapsed at the end of November 2013. In other words, when we signed the land purchase contract in August 2013, the company was not established.