At the Mantra Pura Resort in North Pattaya, Khun Rachanee , Director of the Pattaya branch of the Legal Execution Department, a division of the Ministry of Finance, chaired a meeting to discuss how the Department can raise its profile here in Pattaya to ensure that prospective entrepreneurs are aware of the services offered by the department. One area of particular interest to foreigners who want to buy property here in Pattaya is the section that deals with bank repossessions and re-selling these properties, sometimes at heavily discounted prices.

One example was given at the meeting where it was revealed that the Town-in-Town Hotel in Central Pattaya is now for sale at 213 Million Baht which is well under the true market value for the land and building. Every Wednesday the Banks send details to the Pattaya Branch which is located on the Tepprasit Road in Jomtien of recently acquired properties. If you would like to find out more you can log on to www.led.go.th