- Joined
- Oct 30, 2016
- Messages
- 814
Ok I know there is no way a expat can outright own land in Indonesia but was told by a expat aussie couple that they own the mortgage on some land in Bali. Is this legal ? The deed is in a Indonesians name but they say they he can't sell or do anything with the land because of the mortgage. The mortgage is a ridiculous high amount so no one could pay it back and take the land.. is this legal? I have questions about weather a foreigner can hold a mortgage on land here.
If its legal would be a good way to own (kind of) land here. Or is this just another way you can get in trouble? They said it was all on the up and up and registered but I've heard that before.
Has anyone heard of this before?
If its legal would be a good way to own (kind of) land here. Or is this just another way you can get in trouble? They said it was all on the up and up and registered but I've heard that before.
Has anyone heard of this before?