hpix Posted June 16, 2022 Share Posted June 16, 2022 A is a condo owner, foreigner in foreign country. Does not have bank account in Thailand B has power of attorney to sell the condo C, me the buyer The question: Can the buyer (C) put B as a receiver in to the cheque when paying the condo? In normal case I would put A, the owner. But in this case A and B demand to pay directly to the B. All A, B and C are fully aware that B is the final receiver of the money anyway. Me as a buyer just want to protect myself not paying to wrong party in this case and therefore asking this question here. hpix Link to comment Share on other sites More sharing options...
Peterw42 Posted June 16, 2022 Share Posted June 16, 2022 (edited) It may come down to the wording of the POA. B has POA to sell the Condo, maybe not to receive/bank the money in their name. I just went through a similar circumstance, buying a property with absent owner and someone acting POA. The cheque still had to be made out to pay the owner, and the POA deposited it into the owners account. Check with the land office if they would allow payment to other than the owner. If its ok with them and the cheque/payment recorded (they usually take a photocopy of cheque) then I imagine you are covered. Edited June 16, 2022 by Peterw42 Link to comment Share on other sites More sharing options...
Etaoin Shrdlu Posted June 16, 2022 Share Posted June 16, 2022 (edited) What does the sale/purchase contract between you and the seller say? Does it specifically require payment to B and is payment to B considered payment to A? I would seek proper legal advice on this one. Edited June 16, 2022 by Etaoin Shrdlu Link to comment Share on other sites More sharing options...
hpix Posted June 17, 2022 Author Share Posted June 17, 2022 Thank you for the advice. Now I try to get A to visit Thailand, it just makes things so much easier. The POA document is not ready and I understood it is quite complex procedure to make in foreign country. I would assume the cheque with A's name is easy to get paid to B's bank account when they go together to the bank. Even A does not have a bank account. Link to comment Share on other sites More sharing options...
Delight Posted July 4, 2022 Share Posted July 4, 2022 How is the essential issue of a FET (Foreign Exchange Transaction) to be dealt with. I assume that the condo in question is in the foreign 49% allocation. Also how did A buy the condo in the first place without a bank account. Cannot be done I think. It looks dodgy to me. Could it be that A nd B have a scam going. As a first stage I would ask A to provide you with a view of the Condominium Title Deed. A's name will be written in Thai-however it will be easy to translate No Deed -then A has nothing to sell. Link to comment Share on other sites More sharing options...
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