Title Search, a "must do" before purchasing properties in Thailand
Buying a real estate is a big matter. It is not only about money but also about piles of documents and legal processes that we need to learn and deal with. Whether you are considering buying your first dream house or looking for some estates in Thailand for a long term investment, before doing such a large purchase, it is better to be sure about what you are really paying for. The term “title search” is introduced and recommended in this case. And here are some reasons why a title search is a “must” in a world of real estate in this country. To know the right ownership: You will be informed if the person who is selling you the property is the true owner of the property, and as well to be notified whether such property has a restraint on alienation. To be declared about any encumbrances: It is possible that the property you are buying has a registered loan, lien or mortgage by some reasons. It is VERY IMPORTANT to be acknowledged such encumbrance