crickets Posted October 30, 2014 Share Posted October 30, 2014 I put a 300 000 baht deposit on a house a while ago and it was through a agent. I sat down with the agent and thai lady owner. I handed over the depoist and we took photos of her with it. She counted it with a winning smile. I was waiting for the loan to be completed throuh my wifes work and bank and a week later i got a call from my wife that the home owner was trying to sell the land to someone else. We were very lucky that someone recognised her there and called our agent who came quickly. The mafia were waiting for her out the front waiting for the money she made from already sellibg the house. My wife went down and said give the depoist back or go to jail for a long time. She gave us the money back and that was it. My question is if she sold the house to someone else and did a runner would i be able to get my money back from the agent who also worked for he bank we got the loan from. Anyone had this kind of problem. 1 Link to comment Share on other sites More sharing options...
Robert24 Posted October 30, 2014 Share Posted October 30, 2014 No I was fortunate this never happened to me. But 2 points: 1) I never paid a deposit. Only paid in full at government office when land/property was transferred. 2) I always had a lawyer with me making sure everything is ok, i.e. with chanote, all documents, etc. Why was there a need to pay a deposit? 1 Link to comment Share on other sites More sharing options...
crickets Posted October 30, 2014 Author Share Posted October 30, 2014 I had a lawyer there as well. I had to put money down while waiting for my wifes loan to be approved. The agent was from the bank. It was a second job for her, as she made money on the sale. Just thought that is how it was done in thailand and didnt realise some one could be such a turd. Link to comment Share on other sites More sharing options...
claffey Posted October 30, 2014 Share Posted October 30, 2014 You should only hand over money at the exact moment that all documents are being signed. You were very lucky!! Link to comment Share on other sites More sharing options...
Robert24 Posted October 30, 2014 Share Posted October 30, 2014 Ok. Sounds like your lawyer should have intervened or at least told you about the risks of a deposit in my opinion. Link to comment Share on other sites More sharing options...
KittenKong Posted October 30, 2014 Share Posted October 30, 2014 Dont pay deposits. Dont pay cash. 2 Link to comment Share on other sites More sharing options...
fey Posted October 30, 2014 Share Posted October 30, 2014 a house and the land are two animals. you can buy the house and the land can be owned by someone else. thats the whole problem with foreigners not being able to own land. so she had a right to sell the land to whomever?? Link to comment Share on other sites More sharing options...
pigeonjake Posted October 30, 2014 Share Posted October 30, 2014 a house and the land are two animals. you can buy the house and the land can be owned by someone else. thats the whole problem with foreigners not being able to own land. so she had a right to sell the land to whomever?? another expert 2 Link to comment Share on other sites More sharing options...
Rooo Posted October 30, 2014 Share Posted October 30, 2014 Moved to housing / Real Estate. Link to comment Share on other sites More sharing options...
Thongkorn Posted October 30, 2014 Share Posted October 30, 2014 You should never buy land without seeing the Chanute. Go to the local Amphur and get it checked over, if there any outstanding debits on the land it will be written on the back. 2 Link to comment Share on other sites More sharing options...
.thumb.jpg.4fd22303fa94eb0a6ebf5a9cf7194eb4.jpg)
Recommended Posts
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 accountSign in
Already have an account? Sign in here.
Sign In Now