Evicting Owner In Default After Purchasing Condo

[Ozpharlap]

I have been offered a relatively cheap condo, purchase price being 900,000 baht, other sales in the building, similar size put vale of condo at 2,200,000 baht.

One problem, the Thai owner remains in the property.

What steps do I have to take to have the owner evicted/removed from the condo?

I prefer legal avenues.

[Heng]

Even the heavies (and I'm talking heavy enough that we can't name them) who control the Bobay area know better than to go the legal route. Way too drawn out troublesome.

Myself, I just ask nicely, sometimes hiring a 6 wheeled truck or pickup for smaller families complete with movers to help them hall their stuff, and sometimes suggest other possible squatter type locations they can move to. Although, myself, I usually only have to deal with homeless squatters... not people who have purchased homes or buildings and then have failed to meet the payments and have had their property seized. They might be a little more stubborn, especially say if they are legally "wise," police, or army.

[esbobes]

I have been offered a relatively cheap condo, purchase price being 900,000 baht, other sales in the building, similar size put vale of condo at 2,200,000 baht.

One problem, the Thai owner remains in the property.

What steps do I have to take to have the owner evicted/removed from the condo?

I prefer legal avenues.

Forget the Condo is only worth trouble to you.

You might end up woth a lot of trouble.

People really get mad when they ;ose their house.

You hear stories about baht taxi drivers and 10 baht.

What happens if tennat is a baht Taxi drive and he loses house to you.

Remeber what you hear about 10 baht

[xbusman]

Heng, correct me if I am wrong, but I have seen doors padlocked from the outside to secure the resident against entry. I think its common that if Hengs "gentle" persuasions dont work, the locks are changed and the residents are locked out until a process for their relocation can be agreed on.

[Ozpharlap]

Remeber what you hear about 10 baht

What is the 10 baht rule?

I was suggested to turn of the power and the water, and that should work.

But I am interested in the legal way, as a matter of formality.

I was considering offering them 30,000 baht for relocation or even get a cheap 2 bedroom rental for 5,000 a month and paying 6 months and do it a nice way.

[quiksilva]

I'm not sure but you may run into legal problems turning off electricity, at least this was the case when I managed a large condo complex. We could however turn the taps off without any recourse on their part. It worked but it was never worth the drama it caused.

The approach you suggested is both sensitive and reasonable and should work far better, stick to that rather than having to resort to extreme legal measures. You'll sleep easier too.

[Dupont]

I have been offered a relatively cheap condo, purchase price being 900,000 baht, other sales in the building, similar size put vale of condo at 2,200,000 baht.

One problem, the Thai owner remains in the property.

What steps do I have to take to have the owner evicted/removed from the condo?

I prefer legal avenues.

If he is the owner, you sort it out before you buy it... or am I missing something? Why would he remain in the property if it's going to loose him the sale?

If its for investment rather than for your occupation, leave him in as a tenant and trust to the law as everybody has to.

Whatever, you do it correctly as once you have bought it, they know where you live! You gonna relax in your condo with an angry Thai knowing this?

Why in any event would somebody reduce the price 60%?

[Ozpharlap]

Why in any event would somebody reduce the price 60%?

It is a repossession. The property is sold as is, and the owner remains when purchase the condo, he stays despite being in default of mortgage repayments. I figure he must have had some money to begin with, to get the property and loan and unfortuanetly things went sour.

[soap]

It is a repossession. The property is sold as is, and the owner remains when purchase the condo, he stays despite being in default of mortgage repayments. I figure he must have had some money to begin with, to get the property and loan and unfortuanetly things went sour.

if you go to the local court you will most probable find they have a department for

repossed property etc the will also have a department called L E D legal execution

department that i believe deal with this type of situation,mabe they can help

[Heng]

The LED only deals with the repos/seizures and auctions of said property. Sold as is, squatter removal service not included.

[Heng]

Heng, correct me if I am wrong, but I have seen doors padlocked from the outside to secure the resident against entry. I think its common that if Hengs "gentle" persuasions dont work, the locks are changed and the residents are locked out until a process for their relocation can be agreed on.

Ah yes, the Pramook cup door knob lock. I have a drawer with about a dozen of 'em. They work for renters (who know they are on your property) but IMO wouldn't work for folks who believe the home is theirs. They'd likely just go down to Home Pro and buy a pair of heavy duty bolt cutters. And depending on the details of the property ...say, homes where you have to get past dogs and potentially armed people... you're really only a step away from wanting to do a Chuwit Soi 10 situation.

[expatgaz]

Wouldn't bother,more trouble than it's worth.If a Thai figures a farang is evicting them you'll have an angry mob on your hands.

[poorfarang]

Just get it in writing from the seller (bank im assuming) that you will not purchase until he is kicked out.

[simon43]

... the will also have a department called L E D legal execution department

[\quote]

Ah yes, this seems to make sense here in Thailand

Simon

[Jersey_UK]

Just get it in writing from the seller (bank im assuming) that you will not purchase until he is kicked out.

Offer him money to <deleted> off. In cash.....but only once he is out

Even B50k is still worth doing on the figures quoted (but hopefully less!) and given the Thai tendency to think of today a bit more than Mr Farang will probably take yer hand off - especially given his evident financial circumstances - and it being cash .

Once he has agreed to go (rather than being evicted - legally or otherwise) IMO he is far less likely to later bear a grudge against the new owner (the Bank maybe, but that is what they are for!)......even if quite understandably he is not a happy bunny about the whole deal.

[midas]

Just get it in writing from the seller (bank im assuming) that you will not purchase until he is kicked out.

Agreed - how do you know the current resident isnt desparate

and dont forget " Thai's love Thai's " not farangs

[ProThaiExpat]

Your purchase agreement should specifically provide that the premises be delivered free of tenants.

[Ozpharlap]

Your purchase agreement should specifically provide that the premises be delivered free of tenants.

Thanks for the responses and I think it is appropriate that I should provide some more background information.

My source for the cheap properties is a bank official. I have known the source for over 8 years and am 99% positive it is a trusted source.

The bank, as is their custom (as far as I understand) will offer no more than a cheap property, the owner (or as the case may be shortly, the ex owner) personal situation is not known. It apears in Thailand, that these types of properties, which have defaulting borrowrs are just written off, for the best price they think they can get rahter then, as in Australia, get them out and sell the property at auction. I am unsure why the banks do not make the effort to evict them.

I think, each one has to be done on a case by case basis, but it seems that the best advice is to have a trusted Thai source act as the intermediatry (and more so, have the ex owner believe they will be the eventual buyer), obtain relevant background information and go from there. Then, bloody put in a good door and safety screen.

cheers

[alyx]

Hey

I cannot help you with this topic but anyone kind enough to let me know how one can purchase on a repossess basis?

Thanks

Alyx

[Heng]

Here are a few links copied from my own favorites. First off though, you have to make sure you *trust your husband or wife* (step 1), especially if you're a foreigner. Yeah, common sense, but an awful lot of people seem to SKIP over that part and jump right into *purchasing capital assets* (for most folks, that's usually around step 3 or 4).

http://www.bangkokbank.com/Bangkok+Bank+Th...r+Sale/main.htm

http://properties.gsb.or.th/

http://www.kasikornbank.com/PropertyForSal...1,2098,,00.html

http://www.cb.ktb.co.th/prod/property.nsf

http://www.krungsriproperty.com/

http://property.scib.co.th/property/index.asp

http://property.scb.co.th/

http://www.tmbhome.com/index.asp

http://www.thanachart.com/nfsasset/index.asp

http://www.uob.co.th/uobproperties/index.php

http://www.led.go.th/th/default_th.asp

and don't forget...

http://www.hasbro.com/games/kid-games/monopoly/

[ProThaiExpat]

Don't expect anything that is removable to remain after eviction including toilet seats, light bulbs, perhaps bathroom fixtures, etc.

The evicted tend to be quite angry upon departure even though they bring it upon themselves.