Asked by Ms. Dev Dev
Hi all,
My ex & me recently got divorced. However our house is only 4 yrs plus (not yet reached MOP). Market value is very bad and we are getting a loss (10k-50k) if we sell at market price (price based on recent sale at our area).
Hence, we thought alternatively he can retain the flat with his new spouse & his parents?
My CPF $90K
His New Spouse with CPF of $150K
His Parents above 60 with exiting HDB flat. But planning to sell house to contribute CPF to our house.
Our current outstanding loan is about $200k ++.
When I transfer my share of the house to them, do they need to apply a full loan again or just half of the loan since my ex-husband's name is retained?
Problem: My Ex husband is not working now; Hence, he is not elegible to any loan.
Hope someone can advise or provide me a solution
Anyone know how does this work?
Thanks
My ex & me recently got divorced. However our house is only 4 yrs plus (not yet reached MOP). Market value is very bad and we are getting a loss (10k-50k) if we sell at market price (price based on recent sale at our area).
Hence, we thought alternatively he can retain the flat with his new spouse & his parents?
My CPF $90K
His New Spouse with CPF of $150K
His Parents above 60 with exiting HDB flat. But planning to sell house to contribute CPF to our house.
Our current outstanding loan is about $200k ++.
When I transfer my share of the house to them, do they need to apply a full loan again or just half of the loan since my ex-husband's name is retained?
Problem: My Ex husband is not working now; Hence, he is not elegible to any loan.
Hope someone can advise or provide me a solution
Anyone know how does this work?
Thanks
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