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I believe that when a bank repossesses a property then the mortgage is canceled and if you want to buy a repossessed property you will have to make new financial arrangements....either cash or a new mortgage for example.

Edited by chownah
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You can buy forclosures at auction from the governmnt legal execution department. They sell books in thai about the upcoming auctions. Bought from them in bkk and would like to find out about pattaya also. Very easy to buy from them. I think the website is www.led.go.th The BKK office is in Pin Klao area. I am not sure if they sell Pattaya from there or if they have local auctions offices.

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