Joe Cole Hua Hin property ploy cost us a fortune

[Super Joe]

At last some sense being written, you decided to protect your investment Mark.
Why on earth do these people not do as they would back home, employ a Bangkok lawyer specialising in real estate, then their monies would have gone into an escrow account on a project that provides such service. Then they would not have lost their money.

These people hand over large sums of cash to unknown foreign companies before a brick is laid, these people are continue to provide the environment in which this situation can continue to flourish. Thick as pig sh!t, and if they decided not to take advatntage of the laws and legal options available in Thailand to protect their investments were based on a footballer's endorsement, then they're not even that smart.

SJ

[STEVE G]

He's no one on the world stage.

Exactly babaa is talking out of his rear end, like most egocentric english football supporters they think everyone knows everything about england and english football even if they follow the game and that england is the centre of the world. 'If fish and chips ain't available they can't understand why' .

The strange thing is I’m English and practically everyone in the world does seem to know more about English soccer than me. I meet Thai rice farmers in my partner’s village that can tell me everything that is happening in the premiership and the teenager I used to buy petrol from in Jakarta was an encyclopedia of knowledge on the subject.
When I’m working here in Luxembourg, most of the people I socialize with are Finns and Swedes who all seem obsessed with the English game.

[BaaBaa.]

He's no one on the world stage.

Exactly babaa is talking out of his rear end, like most egocentric english football supporters they think everyone knows everything about england and english football even if they follow the game and that england is the centre of the world. 'If fish and chips ain't available they can't understand why' .

The strange thing is I’m English and practically everyone in the world does seem to know more about English soccer than me. I meet Thai rice farmers in my partner’s village that can tell me everything that is happening in the premiership and the teenager I used to buy petrol from in Jakarta was an encyclopedia of knowledge on the subject.
When I’m working here in Luxembourg, most of the people I socialize with are Finns and Swedes who all seem obsessed with the English game.

Exactly, to raise the profile and get coverage was what they wanted and having J.Cole onboard achieved it.

I dont see how knowing that makes me think England is the centre of the world Jimmy and your fish n chips statement, implying "typical Brit abroad" certainly doesn't describe me.

[Super Joe]

...

SJ

[BaaBaa.]

At the end of the day, Cole's involvement got these property's discussed on this and other Thai Forums and also got coverage on local TV, he was a big enough name for that so it was mission accomplished with their choice of celebrity endorsement.

[loverboy44]

I think he is friends one of the guys that was selling it in Hua Hin.

Seemes like Mrs or Mr is one of Lernsuang. Why else should someone appear new in this forum and post such bullshit in here.
Seems that this Mrs or Mr or whatever wants to keep the s..t under the carpet!
No post from me in here any more.
Stars getting a football thread.
Maybe the mods can make a football thread can make a new threat where averyone can talk about english soccer.[/b]

[loverboy44]

should have previewed before!!!!LOL

[redzonerocker]

He's no one on the world stage.

Exactly babaa is talking out of his rear end, like most egocentric english football supporters they think everyone knows everything about england and english football even if they follow the game and that england is the centre of the world. 'If fish and chips ain't available they can't understand why' .

maybe, maybe not
he obviously had enough clout to convince some people, (probably not your average 'egocentric english football supporter' ) to part with their money on this project though

nice avatar by the way!

[stgrhe]

At last some sense being written, you decided to protect your investment Mark.
Why on earth do these people not do as they would back home, employ a Bangkok lawyer specialising in real estate, then their monies would have gone into an escrow account on a project that provides such service. Then they would not have lost their money.

So true! There is also another way to go about it and in this case you give only a small amount of money up front and let the developer construct the house using his own money, not yours! When a certain well defined milestone has been successfully completed you can pay for the that part, but only that part. At the same time you should ensure you get the title to the partly completed house.

After next milestone has been successfully completed you pay some more and so on until the final payment is made.

By this method you take a small risk with the down payment but do not have to involve a bank. They are basically only an additional cost factor.

If the developer doesn't have enough capital on his own and must use your money only, walk away and look for another property.

[sweet pea]

[quote="loverboy44"]I think he is friends one of the guys that was selling it in Hua Hin.

Seemes like Mrs or Mr is one of Lernsuang. Why else should someone appear new in this forum and post such bullshit in here.
Seems that this Mrs or Mr or whatever wants to keep the s..t under the carpet!
No post from me in here any more.
Stars getting a football thread.
Maybe the mods can make a football thread can make a new threat where averyone can talk about english soccer.[/b][/quote]

Im not but if you wanna think that then doesnt make a difference to me, because I am not! I can be whoever u want me to be loverboy!!!! lol... The only reason I am new is because I only just found the forum and knew about this topic so I spoke out...how do we know that your not the guy who was selling it in Hua Hin, he seems to be the arse ripping everyone else off!!!!!! because your just blaming lersuang and not listening to any other ideas, thank god your not writing on this post anymore!!! What is your problem anyway...if you dont want to hear what im saying then LET ME BE!!!! ive had plently of private messages from other people intrested in what im saying. Frankly I find you to be a bore!

I know a lot of people in Phuket and I am there regularly and if anyone else goes there you will know that its like a chat room in the pubs you hear all the gossip, most of what is true but some complete and utter bull...
what is your
my friend bought on this project without looking at it first too really stupid idea.....

I agree Joe isnt really well know compare to other football players. I heard some people talking in a bar and they were saying one of the guys were friends with him but may not be true. I dont think that having joe cole promote it would make me buy anyway.

[faq2mfh]

Protect your investment is absolutely correct… But I also think the Thai authorities should have something in place, by now, to prevent or punish people from setting up countless rip-offs throughout Thailand. It’s as if they don’t care especially when it’s farang ripping off farang… Thailand is like a magnet for farang criminals who have no problem setting up shop.

[sweet pea]

I agree. although, I think that companies in Thailand wouldn't be having so many problems today if the Thai community were to start thinking about tourism and what their actions (ie:closing the airport and other protests) have on the economy here. Unfortunately I think that there are going to be a lot more problems for business in thailand for years to come due to these actions.

[Wanderlust]

OK I think I can shed a little more light on this (I've been away for a few days while this livened up!). I don't know the ins and outs of who was behind the project but Lersuang are the major company involved, unless their interest was sold on without any announcement. Lersuang used a marketing company to sell the project; I don't know the name of the company nor whether it was set up specifically for this project, but the guy running that knows Joe Cole and set up the deal for him to promote it. The people working for the marketing company would almost certainly be paid on some sort of percentage deal against how many units they sold, and I believe they had sold about 50% of them. I met them and Joe Cole when he came over, as well as some of the people from Lersuang and I am sure that no con was intended from any of them, and believe that it has just been a case of unfortunate timing and planning. I don't know if the marketing people got paid either. As I said earlier, the last i heard was that attempts were being made to offer some sort of deal to customers, but that was some months ago. Given that the property market is dead currently, and banks are not exactly being very generous with loans, then Lersuang probably have no way of raising the funds to deal with this right now, but that doesn't make anyone a criminal. Plenty of businesses and their customers across the globe are suffering in exactly the same way. The way many developers go about their business here is effectively borrowing from Peter to pay Paul, which is why escrow should be enforced in Thailand by law, but it isn't currently so the practice is neither illegal nor will stop while customers are willing to pay the money. Showing artists impressions of the finished development is not illegal either as long as it is clear what it is, and as far as I know it was. It is an unfortunate situation for all concerned which I think will get resolved when economic prospects are better and confidence returns to the Thailand property market. But The Sun heard 'Joe Cole', 'customers lost money', 'Thailand' and 'possible property scam' and away they went.

[hhfarang]

IMO the problem is with Thai law. The law should be in place to require any developer of a building or a community to be fully funded to complete the planned project and have that money in an escrow account before selling units in it to anyone else.

That would stop all the cowboy developers and ponzi schemers from making promises they can't keep.

[Super Joe]

IMO the problem is with Thai law. The law should be in place to require any developer of a building or a community to be fully funded to complete the planned project and have that money in an escrow account before selling units in it to anyone else.

Why are we always trying to blame someone else for our foolishness ? Why can't we take responsibility for our own actions ?
Thailand introduced an Escrow law to protect our money, it's not mandatory, but it is absolutely mandatory if you want it to be. These people saw a footballer instead of a lawyer, then handed over large sums of cash. They have no-one to blame but themselves, yes the laws should be better but they aren't so you act according to current laws.
Are there actually people out there in the real world that think laws will protect them in a 2-3rd world country rife with corruption ? Laws in Europe, America etc do not even protect us from losing money on property, lawyers and surveyors do that for us.

SJ