ssomboon Posted June 21, 2015 Share Posted June 21, 2015 Hi everyone, I'm hoping for some help after having been very naive and over-trusting of some family members. I am Thai and live in England. A few years back I bought some farmland from a family member in Thailand. I was, I now realise, overtrusting. At the time I was unable to travel to Thailand and sign the papers to transfer the land legally into my name. I just found out that my auntie has taken a loan out on this land giving over the papers as collateral. The land is still legally her land. I can't seem to establish whether she has actually been paying on the loan or not. Anybody know of anything I can do? I fear there is nothing I can do. Anyone got any ideas? Any help most appreciated. Thanks Link to comment Share on other sites More sharing options...
Soutpeel Posted June 21, 2015 Share Posted June 21, 2015 The land is still legally her land and there is your problem for all intents and purposes, there is nothing much you can do as far as I can see...its her land, she can do with it what she wishes Do you have a receipt from when you handed over the money in payment ? Link to comment Share on other sites More sharing options...
gerry123 Posted June 21, 2015 Share Posted June 21, 2015 thats thai family values we keep hearing about mmmm you stepped right into that one the only way out is pay the bank/debt recover the documents and make sure the paper work is in your name only if you return overseas take the docs with you Link to comment Share on other sites More sharing options...
robblok Posted June 21, 2015 Share Posted June 21, 2015 thats thai family values we keep hearing about mmmm you stepped right into that one the only way out is pay the bank/debt recover the documents and make sure the paper work is in your name only if you return overseas take the docs with you What a stupid remark, when my grandfather died, family members stole jewels and money. It caused a rift in the family. I am 100% Dutch stuff like this happens all over the world. Link to comment Share on other sites More sharing options...
NeverSure Posted June 21, 2015 Share Posted June 21, 2015 Yes for sure, no one in the US or Australia or The UK would ever rip a family member off of course. Link to comment Share on other sites More sharing options...
gerry123 Posted June 21, 2015 Share Posted June 21, 2015 (edited) Yes for sure, no one in the US or Australia or The UK would ever rip a family member off of course. well yes i agree my point is that thai family values seems to be a concept of something of high priority maybe in the UK they don't hide under a cloak of false morality Edited June 21, 2015 by gerry123 Link to comment Share on other sites More sharing options...
JOC Posted June 21, 2015 Share Posted June 21, 2015 thats thai family values we keep hearing about mmmm you stepped right into that one the only way out is pay the bank/debt recover the documents and make sure the paper work is in your name only if you return overseas take the docs with you Yes in Thailand family is (sort of) important. But has to take the backseat, when it comes to the most important!! Link to comment Share on other sites More sharing options...
gerry123 Posted June 21, 2015 Share Posted June 21, 2015 thats thai family values we keep hearing about mmmm you stepped right into that one the only way out is pay the bank/debt recover the documents and make sure the paper work is in your name only if you return overseas take the docs with you What a stupid remark, when my grandfather died, family members stole jewels and money. It caused a rift in the family. I am 100% Dutch stuff like this happens all over the world. ok thai and dutch Link to comment Share on other sites More sharing options...
kwonitoy Posted June 21, 2015 Share Posted June 21, 2015 You say auntie took out a loan, Your OP mentions Loan Sharks in the header. Was the the loan an informal one involving loan sharks and the land promised? Or was the land certificate used for a loan from the Government Savings Bank, quite a common practice BTW. Also how much is the loan for? If it's the first, involving loans sharks, tread carefully If it's the second involving the bank, it's quite straight forward and not unreasonable to settle with them Is it worth it to you to pay off the loan for the land back and chalk it up to experience, or consider it a down payment in the University of Life? Link to comment Share on other sites More sharing options...
Thongkorn Posted June 21, 2015 Share Posted June 21, 2015 Who has the chanut, If you can get the chanut for the land , the loan will be written on the back, the outstanding loan will accumulate till the lender owns the land , this is a common thing in Thailand, the lender just sits back and gets the land cheap when the loan is not repaid. the Loan will have to be paid in full to get the load removed from the chanut. Link to comment Share on other sites More sharing options...
FireMedic Posted June 21, 2015 Share Posted June 21, 2015 I guess my Thainess meme was making too much sense. Link to comment Share on other sites More sharing options...
CharlieH Posted June 21, 2015 Share Posted June 21, 2015 MOVED to Land Link to comment Share on other sites More sharing options...
beachproperty Posted June 22, 2015 Share Posted June 22, 2015 (edited) OP you state "...having been very naive and over-trusting of some family members." And therein lies your problem. You say you bought some land from a family member (I will assume you sent the money for the land and you assumed they would transfer the land to you without you being present....and when I say they ....again I will further assume you're talking about your "auntie" who STILL owns the land) ONLY thing you can do is confront your "Auntie" as she is the one who ripped you off......took your money, didn't transfer the land and to add insult to injury she used that very same land to get a loan. Do you have a written contract for the sale of the land or was it and oral agreement? Have something to stand on if you have a written contract but from your post, AGAIN, I can only assume you do not have a written agreement wish you the best of luck but depending on how much you paid ....why waste more time and MONEY to solve this problem until you've confronted "auntie".... AND good luck with that in a country where "saving face" is SO important Edited June 22, 2015 by beachproperty Link to comment Share on other sites More sharing options...
FritsSikkink Posted June 22, 2015 Share Posted June 22, 2015 Yes for sure, no one in the US or Australia or The UK would ever rip a family member off of course. well yes i agree my point is that thai family values seems to be a concept of something of high priority maybe in the UK they don't hide under a cloak of false morality like in UK politics you mean? Link to comment Share on other sites More sharing options...
GaryB1263 Posted June 22, 2015 Share Posted June 22, 2015 You can say what you want about the US but we don't have problems with aunties borrowing money on their nephew's land. Link to comment Share on other sites More sharing options...
gerry123 Posted June 22, 2015 Share Posted June 22, 2015 Yes for sure, no one in the US or Australia or The UK would ever rip a family member off of course. well yes i agree my point is that thai family values seems to be a concept of something of high priority maybe in the UK they don't hide under a cloak of false morality like in UK politics you mean? please stay on topic !!! Link to comment Share on other sites More sharing options...
shirtless Posted June 22, 2015 Share Posted June 22, 2015 Sounds like the op has a great family money is lost and you should put it down as a lesson learnt never trust Thais with your money you can only lose. Link to comment Share on other sites More sharing options...
blackcab Posted June 22, 2015 Share Posted June 22, 2015 (edited) You can say what you want about the US but we don't have problems with aunties borrowing money on their nephew's land. I'm sure in the majority of cases Thailand doesn't have that problem either. Fact is, it's the aunt's land. She can do what she wants with it. Which is exactly what she has done. I know that's not what the OP wants to hear, but it's the truth. If it's worth it the OP can go to Thailand and if the aunt agrees they can buy it back from the money lender and get it put in their name. If they do the transaction with the aunt and the money lender together at the land office at the same time they will only have to pay one set of fees. Or kiss it goodbye. Edited June 22, 2015 by blackcab Link to comment Share on other sites More sharing options...
12DrinkMore Posted June 23, 2015 Share Posted June 23, 2015 thats thai family values we keep hearing about mmmm you stepped right into that one the only way out is pay the bank/debt recover the documents and make sure the paper work is in your name only if you return overseas take the docs with you What a stupid remark, when my grandfather died, family members stole jewels and money. It caused a rift in the family. I am 100% Dutch stuff like this happens all over the world. ok thai and dutch All over the world. Money rules. My Dad and his brother fell out big time over who got what when Grandma died. Never spoke to each other again. Link to comment Share on other sites More sharing options...
NickJ Posted June 23, 2015 Share Posted June 23, 2015 Well...the OP is long gone......dont think she stuck around for the Circle of Wisdom. Link to comment Share on other sites More sharing options...
Robert24 Posted June 26, 2015 Share Posted June 26, 2015 Not much you can do if you are not legally the owner. And if your aunt doesn't pay interest or doesn't pay back the loan, they can easily repossess the land assuming the right loan agreement has been signed. Link to comment Share on other sites More sharing options...
Rocketsurgeon Posted July 4, 2015 Share Posted July 4, 2015 Yeah, what a laugh. I fully expect my brother to comb my folks home for all small valuables when they pass. Most likely while mom is lying on the floor rip. Expect the other brother to keep every item not specified in will he desires. We all know how dodgy 65% of expat population riffraff is here. Yeah....the Thais... Stated by expats who know nothing about people but a whole lot about themselves. Link to comment Share on other sites More sharing options...
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