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32
Mortgage free in order to sell a property??...my Thai family say yes...
Just tell them no, that's not the way it works - and you know how it works now. Any mortgage company will have an outstanding settlement balance that requires paying before they remove their lien from the deed, this is paid by the purchaser. When making any purchase I've only bought from 'the wealthy' so it's normally very straightforward, they own the land outright, no mortgage and have done so for decades so you simply pop along to the bank and get a bank draft / cashiers check for the right amount then stick it in the wifes name. This is so simple compared to the west where they want to know where the money came from through lawyers - here money really does talk and they don't seem to care at all. If there's someone who has a lien that needs to be satisfied then get a full completion amount in Baht that needs paying in order for them to remove the lien from the chanote - doesn't matter who they are - bank, friend, whoever - so long as they will remove it for the known fee - you can then get the check to make the payment. So when there's a mortgage with equity in it you get 2 bank drafts/cashiers checks, one for the bank or whoever owns the lien on the property and one for the remaining part of the selling price and that's how it's done - the bank will send someone to the land office to collect payment as mentioned by a few others and remove the lien on the chanote - then it can be sold to a new buyer. If you think they're lying then get the chanote and it should be printed on the back of it - will all be in Thai but there's a handy app called 'Google Lens' which can translate anything in real time...... If they owe more than it's selling for which is quite possible then that's an entirely different situation. -
27
Tourism Thailand’s Bold Pride Boost: Aiming for Top LGBTQ+ Destination
Thailand wants quality tourists. -
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Chinas salt battery scooters
Seems the speed of tech change in this field is really ramping up. -
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Sending abroad a lump sum of USD from FCD account
Old thread, but here goes: I can confirm that it has to be done in person at a branch before 3pm on a work day. I sent just short of €10k from a Euro FCD account to Europe from K-Bank recently and it cost app. 4000THB in fees. To add to the hoops to jump through, any money sent abroad (outside of Thailand) needs to be accompanied by proof of origin, i.e. work permit, salary stubs, letter from company in case of an employee, tax returns in case of a company. You also need a long-stay visa or a pink card. -
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Report Pattaya Motorbike Drivers Protest Strict Helmet Law Fines
it was indeed a fascinating approach to safety. -
19
Report Pattaya Motorbike Drivers Protest Strict Helmet Law Fines
indeed. priorities.
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