Registering A Mortgage

[KBBSam]

Does anyone out there know how to register a mortgage in Thailand. I do not want to borrow money, just register a loan against the title deed of a company???

[eljeque]

Do not make a loan as a mortgage to the company for the property. Do what is called "Ky Fawk" which is when you receive the property as a gaurantee on the money that you lent. You also make them sign a Power-of-Attorney. The difference between a mortgage and a Ky Fawk is in the number of months that it would take you to get the property from them. Using Ky Fawk, you can legally take the property very quickly. With a mortgage it could take years.

You can get the Power of Attorney papers at the stationery store. Your lawyer needs to write up the Ky Fawk documents. It will not cost more than a couple of thousand baht.

You can PM me if you require any further information.