Condominium unable to transfer tittle deeds

[Orangeclockwork]

Developer has been unable 

to transfer Condos for long 

Tittles deeds Mortgaged 

 

Anyone or Groups in a similar situation 

Pratumnak area ?

 

Any ideas or else advices welcome as well  .

Or any good Lawyer to sort refunds ?

Pm also 

 

Thanks .

 

[ThaiBob]

Why? More info needed. 

[Orangeclockwork]

 

Building is a long time 

Completed project 

 

Condo is paid unfortunately 

 

Developer has been unable 

to transfer the tittles ( Mortgages  )

over a very long period 

 

Would it be possible to ask Refund ?

I am looking for 

Advices / Lawyers 

 

Persons who went through 

or Are in a similar situation

For Help / Share experiences

[Rimmer]

Two posts in Giant fonts have re sized, please use the regular fonts, thank you.

[ballbreaker]

I think owners at Emerald Palace Condo experienced something like this a couple years ago.  Google search might help with details.

[lormakmak]

7 hours ago, ballbreaker said:

I think owners at Emerald Palace Condo experienced something like this a couple years ago.  Google search might help with details.

probably the same development? the purchasers still do not have their titles....

[ThaiBob]

18 hours ago, Orangeclockwork said:

 

Building is a long time 

Completed project 

 

Condo is paid unfortunately 

 

Developer has been unable 

to transfer the tittles ( Mortgages  )

over a very long period 

 

Would it be possible to ask Refund ?

I am looking for 

Advices / Lawyers 

 

Persons who went through 

or Are in a similar situation

For Help / Share experiences

Read your contract. The developer has an expected completion/transfer date which can be extended for unforeseen circumstances. If the developer has no rational excuse  then see a lawyer. Talk to other buyers too. 

[Orangeclockwork]

Thanks for all replies 

 

It was a good advice looking at owners experiences , 

many google posts on Emerald are closed though 

 

I believe that  Building is a different developer 

 

- Few options members pointed 

 

Rebuying tittles mortgages from bank .

Little costly 

 

Efficient  Lawyer for refund 

Details  welcome , I can't find any .

And looks alike years of procedures in Thailand 

 

Consumer protection offices 

not much results so far 

 

The Contract does not mention  delivery dates !

Project was finished a very long time ago ,

sold as ready to move in .

 

I never hold keys / moved in , as no tittle 

no contact with others buyers / owners

 

Glad to chat and share with others people

who have experienced , 

or are now going through the same issues 

 

 

 

 

 

[thaitero]

Moved in and no keys ???

And never see other residents ?

Google, facebook and other social media search gives nothing with project name ?

[Orangeclockwork]

Is not the Emerald développement 

I was not allowed to move in  , last trip Months ago 

There was a very low occupancy rate ,

residence rentals only 

Most buyers probably abroad also 

Not much  on websites 

 

[simoh1490]

I've seen this problem before, it's something related to bank financing where the bank still has ownership because the construction loans are not fully paid, sorry I can't be more precise but it's along those lines.

[Orangeclockwork]

Thanks this is very a clear explanation 

if that s the case , it makes sense ?

 

Condo units sales amount  / Construction costs , loan fees 

That shouldn't show a negative balance or debts ,

unless using NASA research construction materials 

 

developer may also find a way to pay out mortgages  

 

Has anyone managed refunds in others projects ?

what are best legals actions to pressure

(completed projets ) Developers 

onto refunds .

 

Are owners of Ltd s / Management 

Usually the real owners 

or the Developer himself 

in Thailand ?

 

anyone who has experienced or in similar issues 

Taking lawyers , going to court and all the process .

Thanks Pm me for a chat 

[The manic]

3 hours ago, Orangeclockwork said:

Thanks this is very a clear explanation 

if that s the case , it makes sense ?

 

Condo units sales amount  / Construction costs , loan fees 

That shouldn't show a negative balance or debts ,

unless using NASA research construction materials 

 

developer may also find a way to pay out mortgages  

 

Has anyone managed refunds in others projects ?

what are best legals actions to pressure

(completed projets ) Developers 

onto refunds .

 

Are owners of Ltd s / Management 

Usually the real owners 

or the Developer himself 

in Thailand ?

 

anyone who has experienced or in similar issues 

Taking lawyers , going to court and all the process .

Thanks Pm me for a chat 

Sorry to hear of your problems. You may have to kiss your money goodbye. It might be just a money laundering scam like mafia/local councils planning permission frauds as with empty unused shopping malls in the USA. There is no law here no rule of law no common law no napolionic law.  Its a third world country with the trappings of a western veneer.  Its all in their history books. Sorry cant be more positive but something similar happened to me in Uk. Just had to write off 20k BPS. Move on. Good luck.

[Orangeclockwork]

12 hours ago, The manic said:

Sorry to hear of your problems. You may have to kiss your money goodbye. It might be just a money laundering scam like mafia/local councils planning permission frauds as with empty unused shopping malls in the USA. There is no law here no rule of law no common law no napolionic law.  Its a third world country with the trappings of a western veneer.  Its all in their history books. Sorry cant be more positive but something similar happened to me in Uk. Just had to write off 20k BPS. Move on. Good luck.

 

12 hours ago, The manic said:

Sorry to hear of your problems. You may have to kiss your money goodbye. It might be just a money laundering scam like mafia/local councils planning permission frauds as with empty unused shopping malls in the USA. There is no law here no rule of law no common law no napolionic law.  Its a third world country with the trappings of a western veneer.  Its all in their history books. Sorry cant be more positive but something similar happened to me in Uk. Just had to write off 20k BPS. Move on. Good luck.

Thanks for reply and sorry to hear you got onto similar ,

UK law is normally quite good ? 

May happen any countries also , 

 

As now not enough elements 

developer may only go across difficulties ,

why help of members with same experience important 

money goodbye not available option