Here's the story so far...
Me and wife have been together with the Thai kids in England 8 years now, them 3 all have British citizenship.
Family all in Don mafai.
Sister has nice Thai house with field near Sakhon Nakhon. (very near town)
Sister sells field part to Thai business person for 150,000 (Mrs x)
Mrs x pays 120,000 but not the last 30,000 as she finds out the house and field are on one deed.
Waiting list to be measured is 9 months
Thai person and sister sign letter selling 'field' to Mrs x when land is split.
This letter lodged with land registry in SN.
Sister then borrows 200,000 from Mrs x offering house part as security
Interest 6000 per month
Security appears to be another 'letter' securing loan against house part of land.
This letter lodged with land registry in SN.
Sister cant afford 6000 payments
Sister calls wife scared of losing house
House part worth about 600,000
We want to buy house part now for 200,000, pay money direct to Mrs x to discharge loan, and let sister live for cheap rent
When they eventually sell house part sister and my wife split profit 50/50
Family have suggested that we lend sister 200,000 and she signs similar letter to be lodged at land registry selling house part to my wife when measured in march 2013
Family are now saying that the two 'letters' that Mrs x has lodged with the land registry prevent my wifes letter being accepted by land registry therefore would just be 'held' by family
As I see it there is no security for our 200,000 loan...sister could sell house part quickly in March 2013 and with it our security or
Sister could borrow from Mrs x again between now and 2013 and again eat away at our security, without our letter being at the land registry I see it as worthless security
Finally, I have known these people for many years and suspect the story is, by and large, true.
If anyone can help, or even point me at a local solicitor or the number for the land registry, I would be grateful
Thanks
Graham