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nara80, on 2010-10-22 15:45:32, said:
It's very simple and easy for land purchased because no time limits.
Excellent!
Thank you
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In Topic: Property Mortgage
2010-10-21 18:40:32
nara80, on 2010-10-21 14:51:31, said:
Form my experience, there are few categories is divided for ownership transfer such as purchase, give, mortgage and heritage.
In your case, I'm not sure how's your GFs father transfering to her (Give of heritage)
However, you could check on behind of Title Deed (Chanote).
If he gave to her, she could getting loan for the bank but he still have right to take it back if he want.
If he make it as heritage, he probably put granting permission period to purchase or mortgage, if not she could make whatever she want.
According to Department of Land website>> Click
see . Chapter 1. Application and investigation. Article 7
In your case, I'm not sure how's your GFs father transfering to her (Give of heritage)
However, you could check on behind of Title Deed (Chanote).
If he gave to her, she could getting loan for the bank but he still have right to take it back if he want.
If he make it as heritage, he probably put granting permission period to purchase or mortgage, if not she could make whatever she want.
According to Department of Land website>> Click
see . Chapter 1. Application and investigation. Article 7
Thank you.
I will try to find out if the land was given to her or made as heritage (I´m not in Thailand at the moment).
If land was purchased, could there be any time limits on reselling or mortgaging it?
In Topic: Property Mortgage
2010-10-21 13:35:26
mark5335, on 2010-10-21 11:00:26, said:
Whether a bank would lend against the particular landed property would depend upon the location, purpose of the loan, your TGF's ability to repay the loan (her salary/business etc), and her credit record with the National Credit Bureau. If the property meets the banks collateral criteria, they might lend 60 - 70% of bank valuation.
Thank you for your excellent answer.
Does anyone know if you need to own the property for a certain time before the bank is willing to take it as collateral for a loan?
In Topic: Car Scam?
2010-10-12 22:08:49
Beetlejuice, on 2010-10-12 21:23:07, said:
My GF, the police and Toyota all know were the car is now, but neither Toyota or the police seem to take any action.
In my farang world, Toyota or the police would take possession of the car until the matter was solved. But this is Thailand!
You are completely wrong.
The burden to make payments to the finance company is the person who's name is on the credit agreement. This goes whatever country you are in, not only Thailand.
Changing the name and responsibility of payments on a credit agreement has to be approved with the finance company. If your girlfriend failed to do this then it is now down to her to take a private civil action against the person who now has the car in his possession which has nothing to do with the finance company or the police unless the car was stolen or lent and not returned.
Whether you are being scammed by your girlfriend is up to your judgment. After all, you know her, we don`t. How would anyone on here know? Stupid question.
In my farang world, Toyota or the police would take possession of the car until the matter was solved. But this is Thailand!
You are completely wrong.
The burden to make payments to the finance company is the person who's name is on the credit agreement. This goes whatever country you are in, not only Thailand.
Changing the name and responsibility of payments on a credit agreement has to be approved with the finance company. If your girlfriend failed to do this then it is now down to her to take a private civil action against the person who now has the car in his possession which has nothing to do with the finance company or the police unless the car was stolen or lent and not returned.
Whether you are being scammed by your girlfriend is up to your judgment. After all, you know her, we don`t. How would anyone on here know? Stupid question.
Thank you for your helpful reply.
