Property guides

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Bank NPA or Court Auction: How Repossessed Homes in Thailand Differ, and What the Discount Is Really Paying For

Bank NPA or Court Auction: How Repossessed Homes in Thailand Differ, and What the Discount Is Really Paying For

An NPA is bought from a bank that can also finance it. An auction can be considerably cheaper but carries a deposit of 5 to 10% of appraised value and a 15-day deadline for the balance. This guide separates the two routes and sets out the three risks that turn a bargain expensive: the condition you cannot see, occupants who may not leave, and the months the property earns nothing.