A former Labour Ministry secretary revealed a shocking case where his mortgage title deeds for a home and land worth 40 million baht have disappeared.
The property, a 418 square metre lot in an upscale village in Nonthaburi province, was mortgaged to a reputable bank in 2003.
Paisan (surname withheld) explained that he had been regularly servicing the debt, reducing the outstanding amount to 23.3 million baht. The 68 year old had recently found a buyer for the property for 35 million baht, which would have covered the remaining debt with a surplus.
However, a nightmare unfolded when he visited the bank to request the return of his title deeds. The bank insisted he first had to deposit 1.3 million baht, which he did using part of the buyer’s deposit.
To his shock, the bank then informed him that his title deeds had been lost since 2018 and suggested he…
