Educational Information Only
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How can I avoid property scams in Thailand?
Always verify title deeds at the Land Office, use a licensed lawyer, never pay large sums without a contract, check the 49% foreign quota, and avoid nominee company structures.
Detailed Answer
Common property scams and how to avoid them: **Red flags:** - Seller cannot show original title deed - Pressure to pay quickly or in cash - Using nominee Thai shareholders to 'own' land - Off-plan projects with no escrow account - Agent asking for payment to their personal account - Price significantly below market value **Protection measures:** 1. **Hire a lawyer** — independent from the agent/developer 2. **Title search** at the Land Office (verify ownership, check encumbrances) 3. **Foreign quota check** — confirm the 49% foreign ownership limit isn't exceeded 4. **Escrow account** for off-plan purchases (required by law for certain projects) 5. **Contract review** in both Thai and English 6. **Developer background** — check company registration, past projects, financial health 7. **Never sign anything you don't understand** **If scammed:** File a police report, contact the Consumer Protection Board, and consult a lawyer about civil recovery options.
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