funlovinkid, on 2012-05-25 12:08:16, said:
Well, I had a chat with someone at the Chiang Mai Land Office about my situation, and his response was that, as long as the price paid for the condo is less than the total amount of funds transferred into Thailand, he would approve the condo registration request. So I intend to go there, meet the guy, show him my three FETF's, and confirm what he says before entering into any condo purchase contract. So, this is a hopeful new development.
However, I'm still not sure about the possibility of encountering a problem in the future, if and when I decide to sell the condo, and choose to move the funds back out of Thailand. I believe I would still need to use my existing FETF's to prove the original source of the funds, but because none of them indicate plans to buy a condo, would the local bank disallow my request for the outbound transfer? Or would the same situation as above apply, in which they would allow the outbound transfer as long as it were less than the sum total of the three FETF's? Any feedback would be appreciated!
However, I'm still not sure about the possibility of encountering a problem in the future, if and when I decide to sell the condo, and choose to move the funds back out of Thailand. I believe I would still need to use my existing FETF's to prove the original source of the funds, but because none of them indicate plans to buy a condo, would the local bank disallow my request for the outbound transfer? Or would the same situation as above apply, in which they would allow the outbound transfer as long as it were less than the sum total of the three FETF's? Any feedback would be appreciated!
The original FETF's are retained by the Land Office and stay with the Chanote paperwork. All you get back from the Land Office is a Copy signed by them





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