Orangeclockwork Posted January 22, 2018 Share Posted January 22, 2018 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 . Link to comment Share on other sites More sharing options...
ThaiBob Posted January 22, 2018 Share Posted January 22, 2018 Why? More info needed. Link to comment Share on other sites More sharing options...
Orangeclockwork Posted January 22, 2018 Author Share Posted January 22, 2018 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 Link to comment Share on other sites More sharing options...
Rimmer Posted January 23, 2018 Share Posted January 23, 2018 Two posts in Giant fonts have re sized, please use the regular fonts, thank you. Link to comment Share on other sites More sharing options...
ballbreaker Posted January 23, 2018 Share Posted January 23, 2018 I think owners at Emerald Palace Condo experienced something like this a couple years ago. Google search might help with details. Link to comment Share on other sites More sharing options...
lormakmak Posted January 23, 2018 Share Posted January 23, 2018 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.... Link to comment Share on other sites More sharing options...
ThaiBob Posted January 23, 2018 Share Posted January 23, 2018 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. Link to comment Share on other sites More sharing options...
Orangeclockwork Posted January 23, 2018 Author Share Posted January 23, 2018 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 Link to comment Share on other sites More sharing options...
thaitero Posted January 23, 2018 Share Posted January 23, 2018 Moved in and no keys ??? And never see other residents ? Google, facebook and other social media search gives nothing with project name ? Link to comment Share on other sites More sharing options...
Orangeclockwork Posted January 24, 2018 Author Share Posted January 24, 2018 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 Link to comment Share on other sites More sharing options...
simoh1490 Posted January 24, 2018 Share Posted January 24, 2018 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. Link to comment Share on other sites More sharing options...
Orangeclockwork Posted January 24, 2018 Author Share Posted January 24, 2018 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 Link to comment Share on other sites More sharing options...
The manic Posted January 24, 2018 Share Posted January 24, 2018 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. Link to comment Share on other sites More sharing options...
Orangeclockwork Posted January 25, 2018 Author Share Posted January 25, 2018 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 Link to comment Share on other sites More sharing options...
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