saultrejo33

Hi friends,

Do you know where I can get a loan for a condo I want to buy in Chiang Mai?

I have a couple of condos in Bangkok and Pattaya that I can use as collateral.

Unfortunately, neither of them meets the minimum 2 million baht valuation so I don't qualify for the MBKG loan (their loan program is extremely confusing, to say the least, they don't actually provide condo loans, contrary to what is written on their website. They just lend you money against a condo you already own).

I have a work permit and appropriate visa and can probably meet whatever other requirements may be needed, such as a minimum salary requirement.

I've already checked the UOB and ICBC bank loan options. Not suitable.

I've also enquired with <other forums> but am yet to hear back from either of them (they have landing pages that give the appearance they can help foreigners find home loans in Thailand).

Appreciate your time,

~Saul

I prefer to have a Thai friend go to a Land Office in Bangkok to help register my condo, instead of a lawyer (I’m stuck outside of Thailand so unable to go, myself).

I know we need to get the Chor 21 form, have it sent to me in the USA where I can sign and have it notarized, then send it back.

Is there anything else to it? Or is it as simple as it seems?

If any of you have any experience with this, please share ????

Appreciate your reply/time,

Saul

Hi guys,

I’m getting quotes all over the place, up to in excess of 100,000 THB.

I am not able to enter Thailand so am going to need to use the POA to have a lawyer do the transfer, on my behalf.

So just wondering, how much did you pay for this service? (or how much have you heard of someone else paying for this service)

Appreciate your reply/time,

Saul

14 hours ago, Peterw42 said:

No need for any title checks etc, the sale wont go ahead unless everything is in order. 

Noted. Thanks for affirming. I thought so, but I wasn’t sure because it seems like every legal service is adding this to their condo conveyance package as if it is necessary.

14 hours ago, Delight said:

There is no need for a lawyer to organise a condo transfer.

 

I assume that you are buying.

The land office are in charge of the whole process. Any discrepancies will be uncovered by them.

The seller needs the correct documentation.

The land office will collect the transfer fee.

 

The transfer  money from buyer to seller -this happens separately. This is of no interest to the land office.

Overall a simple process

Yes, I am buying.

I think I’ll probably need a lawyer to go to the land office for me since I am one of the unlucky souls who happened to be outside of Thailand when the borders shut and no way back in, currently.

Appreciate your reply,

Saul

Isn’t a title deed check, in essence, performed during the condo conveyance process at the Land Office?

i don’t see the point of paying someone to do this, beforehand.
 

Especially if the amount of the contract deposit is less than the lawyer’s fee (in the worst case scenario if it turns out that the seller isn’t actually the owner and is scamming you or something, then you’d still be out less than what you would’ve paid for the lawyer fee).

Am I missing something?..

Kindly,

Saul