Thread: German Seeks Runaway Thai Wife For Son’s Sake

Originally Posted by alitongkat

as mao wiv hiv poodle in the ass is too arrogant to explain it, maybe someone else can?

why was this guy expelled from the house, when 50 % by law belong to him?
and if he could rent the 50 % out?
did the MIL have the right to expel him? she isnt any owner...

He might not even know that he has any recourse re the house.

Can you explain what you mean by rent the 50% out?

If it's get rent off the people staying in the house, you're mad. The best thing he could do is knock the house down. And have his MIL killed.

Originally Posted by chitown

Here is how you protect your ASSetts aka house in Thailand or money that you would have used to buy said residence. You have your wife get a mortgage and you make the payments each month just like you would if you were renting. Have her lease it to you with a 30 year lease. Then if you get divorced, you can move out and then she can continue making the payment. This keeps you from putting a huge some - millions of baht - down on something you can't own. You would pay rent anyhow, so what is the difference>

A strategy I understand a number of astute Farang have used with success, they back end load the financial risk, however unless interest only mortgages are available. Then surely this is only delaying the day of reckoning.

Originally Posted by alitongkat

brilliant, Chitown

Originally Posted by alitongkat

just a few questions...

What bank please gives a Thai women with out regular, rather high income, a multimillion dollar mortgage?

A valid question, and unless she has sufficient assets (liquid or fixed) I suspect the bank would not look favorably on such an applicant

Originally Posted by alitongkat

What if you are married to her, won’t the bank hold you responsible for payments, if she cant pay anymore?

Not if you were able to tie her family into it as guarantors to the mortgage. In which case if the mortgage payments ceased they would come after the gaurantors.

Originally Posted by alitongkat

As with the law, that you have to pay the other parts debts - sharing of capital and debts.. .?

I can’t see how, because if you are not named on the chanote [this is where Thai law preventing you from owning property would work in your favour for once], or mortgage agreement. How can the bank persue you ? As there first port of call will be to the gaurentors.

All you need do, is ensure the account which the bank takes the monthly mortgage payment from [that’s in the wife’s name] is regularly topped up with a standing order from your own account. Which in theory [to make you financially a further step removed from the mortgage] could even be located in another country.

Originally Posted by alwarner

It's not fair, but, it's real. You should never build anything here unless you have it clear in your mind that you might have to walk away from it.

Correct!!!, however what’s outlined above, sounds like it could go a long way to redressing the imbalance.

Originally Posted by alwarner

That's not to say all Thai birds are bad, they are not but you don't know what the future holds and you're only ever a guest in the kingdom. Allowed to stay here but never accepted 100%.

Agreed, and furthermore her close familly relatives can be masters of applying subtle pressure to her, so as to influence financial decisions from which they gain maximum benefit from and from which you stand to loose out on.

Originally Posted by alwarner

Originally Posted by alitongkat

as mao wiv hiv poodle in the ass is too arrogant to explain it, maybe someone else can?

why was this guy expelled from the house, when 50 % by law belong to him?
and if he could rent the 50 % out?
did the MIL have the right to expel him? she isnt any owner...

He might not even know that he has any recourse re the house.

Can you explain what you mean by rent the 50% out?

If it's get rent off the people staying in the house, you're mad. The best thing he could do is knock the house down. And have his MIL killed.

He has no recourse unless, as mentioned before, he has a lease or usufruct detailed on the chanote. He's just the latest casualty of a system that has hoodwinked hundreds if not thousands of foreign dreamers who chose not to pay attention. Tough luck.

if he indeed gave the house to the MIL, without any ownership of himself, which he could have for 50 % for all i understand here, then he is an idiot, end of...

that land cant be owned in certain countries, is - to me - an understandable concept... house, he CAN own...

intersting would be to know, if this all applies also for property/assets achieved BEFORE marriage... what if he "leases" land, and builds a house, and THEN marries? is he then sole house owner or does he have to share all assets with the wife...

im also wondering, if here is not the choice as well - sharing all assets OR everyone keeps their assets to themselves after marriage, and only commonly purchased things get (legally) shared ?

jppr2 is entirely right... its stupid to buy here a house... its probably something that appeals to the male basic instinct: having a house then the wife stays...
although they dont see, that nowadays and in some places, this quickly leads to a quite a different outcome...

buying or building a house is an idiot thing to do here... there is a village compound, you are a stranger, and you dont know what things ever turn out - not to speak of the relationship with a wife...

today, AND PARTICULARLY in age flexibility is called for...
this is entirely different to our parents, but that is because our all lifes and the world changed much...
but instead, guys apparently walk voluntarily into a modern form of slavery... interesting...

keep yourself LIQUID and FLEXIBLE, to move on any time...
moving on physically AND in terms of your company... jmho