Looking at this arrangement and I am interested in the legality in Thailand. Is there a legal option like escrow?
Someone needs money (Loanee)
Loanee has 2 chinote land
Loaner gives money given to loanee
When loanee pays back the loanee gets the chinote back
Until that time, loaner can farm that land, do whatever, like it is theirs (but not a change of ownership)
Can anyone shed some light on doing something like this in Thailand. I am trying to understand how one could do it without getting ripped off. Please hold all the general "Don't do it, scam, dumb falang getting ripped off, you are stupid, etc" comments. Trying to understand if it is possible, please do reply with real legitimate, lucid, factual reasons to do or not do. Thank you ????