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spaceman82
Joined: 01 Dec 2009
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 Posted: Thu Jan 07, 2010 5:03 pm Post subject: Owning Property as a F-2 Holder |
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| I have a question that I'd really appreciate some help with. Have any of you all that are on F-2s and married to Korean nationals been able to successfully put property into your own name (or into both you and your spouse's name) instead of having it solely in your spouse's name? A friend of mine has been told that it is not possible to do so but is wondering whether the person providing that information knows what he/she is talking about or just doesn't want to take the time to look into things. |
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big_fella1
Joined: 08 Dec 2005
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| Posted: Thu Jan 07, 2010 5:16 pm Post subject: Re: Owning Property as a F-2 Holder |
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| spaceman82 wrote: |
| I have a question that I'd really appreciate some help with. Have any of you all that are on F-2s and married to Korean nationals been able to successfully put property into your own name (or into both you and your spouse's name) instead of having it solely in your spouse's name? A friend of mine has been told that it is not possible to do so but is wondering whether the person providing that information knows what he/she is talking about or just doesn't want to take the time to look into things. |
Foreigners can own property in their own name. However some Koreans won't check and will tell you that it must be in a Koreans name. Further some Korean spouses aren't keen to translate that the property can be solely in the foreigners name. Just be sure that if you buy property that you file the report for foreigner land acquisition at the local distric office or you can be fined. Some real estate agents won't know about this extra step for foreigners. |
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spaceman82
Joined: 01 Dec 2009
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| Posted: Fri Jan 08, 2010 12:18 am Post subject: |
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| Thanks, big_fella1. If the real estate agent persists in asserting that it's not possible for a foreigner to own property, do you know who he might be able to contact (other than a lawyer) to acquire some kind of verification that this is in fact the law? I'm guessing the district office you mentioned might be a good place to start since they have that form available and, given that, would presumably be knowledgeable about the law and the fact that it is possible for a foreigner to own property. |
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