Jump to content

Transfer Of Ownership


Recommended Posts

Hi all,

I have recently bought a house from a reputable housing company in Thailand and I need to sign the Transfer of Ownership document in two weeks time. I am getting a mortgage from a bank here in Thailand to pay for the house.

My question is: should I sign the Transfer of Ownership document before the bank have signed the final documents to approve my loan? And, is this normal?

I fear the bank pulling out and then the Housing Company saying to me that the house no longer belongs to them.

Many thanks

Bes.

Link to comment
Share on other sites

I have to say that I am a little confused by your post. I have never purchased a house where a mortgage is required -maybe that's why I am confused.

when u say' I have recently bought a house ' do you mean you have agreed to buy a house ?

My understanding of the transfer process is where the seller transfers the property to you -typically simultaneously the seller will receive the money.

I suspect that both signatures (buyer and seller are required)

The only transfer that counts is one where your name ends up on the title deed (the chanote).

Given that my understanding of the procedure is roughly accurate -then what exactly are you being asked to sign? Also have you made a non-refundable deposit?

Link to comment
Share on other sites

My question is: should I sign the Transfer of Ownership document before the bank have signed the final documents to approve my loan? And, is this normal?

I fear the bank pulling out and then the Housing Company saying to me that the house no longer belongs to them.

Then you've just gotten a house for free.

Link to comment
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • Recently Browsing   0 members

    • No registered users viewing this page.


  • Topics

  • Latest posts...

    1. 0

      Racism or "just" bad behavior at Pattaya City Hospital?

    2. 0

      The Guardian Steps Back from Elon Musk’s Platform X Amid Content Concerns

    3. 0

      Metropolitan Police Chief Warns of Drastic Budget Cuts Under Labour

    4. 0

      Labour’s Business Backlash: How Tax Hikes and Policy Shifts Are Straining Corporate Ties

    5. 0

      Sadiq Khan Calls Out Trump’s Racism and Extends an Olive Branch

    6. 0

      A Radical Experiment: How Elon Musk Could Shake Up Washington

    7. 0

      Iran Opens Mental Health Clinic to "Treat" Women Resisting Hijab Mandate

    8. 0

      White Orb Emerges from Ocean Near Kuwait, Sparking Intense UFO Debate in U.S. Congress

  • Popular in The Pub


×
×
  • Create New...