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Family complains after house seized and sold for Bt2mn over Bt17,000 student debt

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Posted (edited)
4 hours ago, steven100 said:

This is interesting news for me if correct and true.

So even though the house is in the fathers name and not the defendants name, the LED or Legal execution department can go after it and auction it off .... ?

Now what if there was no Chanote    ?  would this still happen   ?

What if a new car was in under another family members name ?   would the LED still be able to auction it off to recover money owed as instructed by the court   ?

 

 

They probably acted as a guarantor . Never act as a guarantor for anyone . She most likely forged his name , happens all the time here . 

Edited by chrisandsu
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Expect a lot more of these stories in the coming years. We know quite some families in the village that have re-morgaged their family homes in the name of their children.

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16 hours ago, A1Str8 said:

The debt has to reach a certain amount to repossess a house. So that's breaking the law. Take them to court. 

Seems you know Thai law.

What paragraphs are you talking about?

And how much  is a certain amount?

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17 hours ago, webfact said:

neither her parents nor her uncle can read

well done THAI education system

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The story is incomplete, it takes MUCH more in bureaucratic Thailand and they MUST have known that they either cough up the overdue money or lose the collateral. What do these people think, honestly? The moment comes when you have to face the music and it might serve as an interesting example to all those people who believe, borrowing is a gift 😉 

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Guess there is no phrase in Thai that equals "quid pro quo".   And they wonder why we make fun of the Thai judiciary.  

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Parents can't read ??

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House looks like it's worth more like 500k, must have a lot of land with it. House was auction off 'publically' 2 weeks ago where we are after owner defaulted. Only nobody knew about it and only one local big wig was there to bid, first offer he gets it for about half what it's worth.

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1 hour ago, yellowboat said:

Guess there is no phrase in Thai that equals "quid pro quo".   And they wonder why we make fun of the Thai judiciary.  

Seems similar in US for failing to pay property taxes.

 

https://www.lawyers.com/legal-info/bankruptcy/foreclosures/can-the-bank-foreclose-on-my-house-if-i-m-current-on-my-payments.html

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7 minutes ago, Deli said:

Parents can't read ??

There are a lot of older Thai people that cannot read or write,

they use their thumb print to sign documents,

regards Worgeordie

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My guess is that now the story is out these people will get their house back and some local big wigs will be ducking for cover.

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