property in Thailand and paid pretty much all of the price. Yet the company
building the property does not even have the land – even though it produced its
own due diligence report saying that it did.
Abatalay Condo in Jomtien so that’s a tidy sum the ‘developers’ have made by putting
out an artist’s impression of what the buyers thought they would get.
uses his Thai wife as the front.
– but that lasted just three months. People remember him from a project called
Royal View Talay which – also never happened.
the owner of the land for not handing it over (The owner did not because she was
not paid). But Silver will not go near a court of course. He’ll probably send along a bar girl.
and will delay this for years – unless sensible action is taken.
properties offered for sale in Pattaya by people making promises which will
never be kept.
|And don’t believe the blurb written by Pattaya Brits for their beer money|
the company, but actually hold the land in the name of another – or even better
change the ownership of the land when everyone has already bought! Or they can even mortgage (your property) to
a bank. The tricks are endless and banks won’t help you even if they have bought a dud. They will get their cash back first.
everywhere in Hua Hin, Phuket, Koh Samui – you name it.
Anybody can do it. You do not need any cash. Just wait for the cash to come in before starting to build, well. if that’s what you intend to do.
Affairs Department, unless you can find the proverbial red hot poker.
flooded with requests for help. I wish I could. I do not have the time.
direction – but even that has its hazards in Thailand.
Footnote: Live where Thais live. If the property is specifically built for foreigners there are catches – many. Or, as a reader points out, buy second hand and buy a second hand condo from a foreigner. (after getting it valued). There are real bargains. Thais often do not like buying second hand.