Advice needed

[Bangkok Black]

I found out today my wife owns a condo 😮

This is news to me and the first time I have heard about it.

Turns out her name is the main name on the blue book. 

 

From what I gather at the moment the condo is in her name to help her brother who up till now has lived there with his wife and son.

I can only guess it's because he might have bad credit or some other reason why it's not in his name.

Turns out he "can't afford it " anymore.

 

The first thing I said was he needs to either find someone to move in so my wife gets the rent money or he finds an estate agent and gets the condo sold ASAP.

I guess estate agents exist here?

I asked how much it was worth and was told 1 million ! 

I ain't happy about this as you can tell. In my mind, the brother needs to sort this out not just bail out.

 

What do you think? any adviceis  welcome please

 

 

 

[saakura]

The proverbial "brother". Wink wink. 🙂

[NorthernRyland]

9 minutes ago, Bangkok Black said:

I ain't happy about this as you can tell. In my mind, the brother needs to sort this out not just bail out.

 

What do you think? any adviceis  welcome please

 

 

So many irresponsible people. Thai's struggle saying no to family members and often the reasonable one in the family gets shouldered with the burden.

 

I wouldn't get involved in this unless your wife starts coming to you for money and makes it your problem now.

[Peterw42]

OP, name in blue book (registered occupants) is nothing to do with ownership. Name on the chanote (title deeds) is ownership.

Who is paying the mortgage ? You don't mention how much the mortgage repayments are. So long as the mortgage is being paid (i presume it is otherwise the bank would have repossessed), I don't see what the problem is. 

[johng]

17 minutes ago, Peterw42 said:

So long as the mortgage is being paid (i presume it is otherwise the bank would have repossessed), I don't see what the problem is. 

 

There might be a problem if the wife has signed as a "guarantor" for her brothers mortgage.

[Cameroni]

12 hours ago, Bangkok Black said:

I found out today my wife owns a condo 😮

This is news to me and the first time I have heard about it.

Turns out her name is the main name on the blue book. 

 

From what I gather at the moment the condo is in her name to help her brother who up till now has lived there with his wife and son.

I can only guess it's because he might have bad credit or some other reason why it's not in his name.

Turns out he "can't afford it " anymore.

 

The first thing I said was he needs to either find someone to move in so my wife gets the rent money or he finds an estate agent and gets the condo sold ASAP.

I guess estate agents exist here?

I asked how much it was worth and was told 1 million ! 

I ain't happy about this as you can tell. In my mind, the brother needs to sort this out not just bail out.

 

What do you think? any adviceis  welcome please

 

 

 

 

I think firstly your wife is not fully honest with you, which is of course a massive red flag. To hide something like this is a big problem and enough to create major trust issues.

 

She has not even disclosed the true reason why the condo is in her name, but most likely it is because the brother asked her to do it because he cannot get a mortgage for some reason, so I agree with your assessment.

 

This creates major issues, I once guaranteed a mortgage for my mother and I was on the hook if she did not pay. The same would apply to your wife, her name is in the title.

 

Of course now he can't afford it anymore the caca is about to hit the fan, so your assessment of finding a tenant or effecting a sale seems a reasonable way to deal with the issue.

 

I would have a serious talk with the wife about hiding important things from you. This is wholly unacceptable.

[Kinnock]

Brother will be in debt, possibly from buying the condo, and they transferred it to your wife's name to try and avoid repossession by the lender.

 

Raises several questions .....

 

Is your wife's name now on the Chanote? ( big A3 sized light brown document)

 

Who paid the tax on transfer of the property?

 

Did she pay anything for the property?

 

Is your wife a guarantor for the loan?

 

If she has to transfer it back to her brother in the future, who pays for the transfer?

 

Is her brother paying the interest on the loan, or he now caught in the compound interest trap?

 

Is the loan with a bank or formal finance organisation, or with a local money lender/gangster?

 

Is the value of the property more or less than the loan?

[Delight]

 This is her condominium. 

Legally speaking -you have no say.

All that  you detail is simply a family affair.

[Bangkok Black]

11 hours ago, Peterw42 said:

OP, name in blue book (registered occupants) is nothing to do with ownership. Name on the chanote (title deeds) is ownership.

Who is paying the mortgage ? You don't mention how much the mortgage repayments are. So long as the mortgage is being paid (i presume it is otherwise the bank would have repossessed), I don't see what the problem is. 

From what I can gather the brother is paying all the bills at the moment but it seems cant keep on doing so

[rwill]

IF he is basically renting it from her he has the right to move out.  He doesn't need to find a replacement renter.

 

 

[jippytum]

I don't see a problem other than your wife has secrets from you. If she bought the condo to help out a family member wlth her own money that's her business. not yours. 

 

 

[AustinRacing]

Any interference from you that has the potential to adversely affect the family members either financially or relationship wise will come back and bite you in the back side. You’re not on the same level as the family members so the expectation is you stay out of family decisions and will only be asked to get involved if you can contribute financially to resolve issues. 

[ignore it]

Raises a lot of questions about the relationship, 

 

but at this stage of the drama,

 

how is it now your problem?

[BritManToo]

On 3/19/2025 at 9:48 AM, Cameroni said:

has not even disclosed the true reason why the condo is in her name, but most likely it is because the brother asked her to do it because he cannot get a mortgage for some reason, so I agree with your assessment

Court order for bankruptcy following a default on dept, can't own property, vehicles or bank account for 5 years. Thais just shift ownership into a relatives name.

No big deal.

[Lacessit]

Does the OP have secrets he keeps from his wife?

 

As long as he has no legal obligation, I don't see why he needs advice.

[Toby1947]

No more her brother than I  am. Know what I mean, nudge nudge wink wink. 🤣😂

[Aussie999]

On 3/19/2025 at 10:37 AM, johng said:

 

There might be a problem if the wife has signed as a "guarantor" for her brothers mortgage.

Seems you need to provide all info if you want advise  no good adding willy nilly

[SAFETY FIRST]

On 3/18/2025 at 8:45 PM, Bangkok Black said:

ain't happy about this as you can tell.

how much it was worth and was told 1 million ! 

Gawd, it's worth 1M baht, it's not a lot of money. 

 

Relax, you're getting stressed over nothing. 

 

Go and buy yourself a dozen Chang's. 

 

Report back tomorrow, let us know how things are going. 

 

[thailand49]

On 3/18/2025 at 8:45 PM, Bangkok Black said:

I found out today my wife owns a condo 😮

This is news to me and the first time I have heard about it.

Turns out her name is the main name on the blue book. 

 

From what I gather at the moment the condo is in her name to help her brother who up till now has lived there with his wife and son.

I can only guess it's because he might have bad credit or some other reason why it's not in his name.

Turns out he "can't afford it " anymore.

 

The first thing I said was he needs to either find someone to move in so my wife gets the rent money or he finds an estate agent and gets the condo sold ASAP.

I guess estate agents exist here?

I asked how much it was worth and was told 1 million ! 

I ain't happy about this as you can tell. In my mind, the brother needs to sort this out not just bail out.

 

What do you think? any adviceis  welcome please

 

 

 

Curious, was it purchased with your money?   It is in her name  " brother till now has lived there with his wife and son "  your guess if right bad credit use to be in his name?  was put into her name which is normal Thailand so creditor can't get to it.

I have a friend currently sorting out his mess, his wife I happily note Ex now!  put everything she stole in her son name so creditors can't get to the assets since she is always in bankruptc....

 

In my opinion an Estate Agent isn't really necessary, There is much to your story that is missing in my opinion. This is what many Thai mother do is helping, sure all kids need to grow up but what type of rent is she missing out on from a property worth 1 million baht!  at that price tops a studio or one bedroom.

[No Forwarding Address]

4 hours ago, jippytum said:

I don't see a problem other than your wife has secrets from you. If she bought the condo to help out a family member wlth her own money that's her business. not yours. 

 

 

marriage is defined as a covenant relationship between one man and one woman, where they become "one being”, to share and share alike.   Have you ever seen a Thai woman’s rage when she finds out her husband has kept a secret from her?   The duck’s will be well fed that night.  Peace

[No Forwarding Address]

2 hours ago, Toby1947 said:

No more her brother than I  am. Know what I mean, nudge nudge wink wink. 🤣😂

How many farang have been duped with the “Pi Chai” moniker.  When I was 22 yo, happened to me, I am now 75 and a little smarter.

[BritManToo]

26 minutes ago, thailand49 said:

 

In my opinion an Estate Agent isn't really necessary, There is much to your story that is missing in my opinion. This is what many Thai mother do is helping, sure all kids need to grow up but what type of rent is she missing out on from a property worth 1 million baht!  at that price tops a studio or one bedroom.

Return on a 1mbht property would be 3-4kbht/month.

No big deal!

[jippytum]

14 minutes ago, No Forwarding Address said:

marriage is defined as a covenant relationship between one man and one woman, where they become "one being”, to share and share alike.   Have you ever seen a Thai woman’s rage when she finds out her husband has kept a secret from her?   The duck’s will be well fed that night.  Peace

This is Thailand. Get real... Western men buy wives. 

[connda]

On 3/18/2025 at 8:56 PM, NorthernRyland said:

So many irresponsible people. Thai's struggle saying no to family members and often the reasonable one in the family gets shouldered with the burden.

My wife is very good at saying "no" to family when it comes to money matters.  I should set her up as a Youtube influencer. 

[thailand49]

22 minutes ago, BritManToo said:

Return on a 1mbht property would be 3-4kbht/month.

No big deal!

Yes Whoopie! Exactly!  Hear  that ops!