Asked by Anonymous
Hi all, thank you for reading. I have clarifications which requires help to address.
I have just settled my divorce case and the judgement states my ex spouse is selling to me his title, shares and interests at $A through part share resale. There is an outstanding loan of $B for the house.
I understand from HDB that the amount $A = the amount stated in Option to Purchase and have did so and submitted in all the way to Resale document. My ex spouse is not willing to sign on it.
I understand from MSF website that the $A includes the 50% of the outstanding loan. However, my ex spouse refused to sign and insisted that the loan should be fully taken over by me.
Extracted from:
https://familyassist.msf.gov.sg/content/impact-of-divorce/impact-of-divorce-on-housing/public-housing-options/retaining-your-current-flat/buying-your-spouses-share-of-the-flat/
Did a case hearing with Principal District Judge Phang Hsiao Chung and he is agreeable that I should be taking over all the outstanding loan. However, the amount stated in the court order is $A (includes loan based on MSF website) which i also indicated in HDB Option to Purchase which was signed by my ex spouse as well. He refused to sign on the Resale document to proceed with the sale to me.
Judge is not changing the court order to add in Registrar Empowerment Clause for me to proceed with the buying of house.
As i understand Part share resale Buyer and Seller scheme are different, can someone shed some lights to me why Part share resale outstanding loan has to be borne by me despite clearly stated in the court order?
I have just settled my divorce case and the judgement states my ex spouse is selling to me his title, shares and interests at $A through part share resale. There is an outstanding loan of $B for the house.
I understand from HDB that the amount $A = the amount stated in Option to Purchase and have did so and submitted in all the way to Resale document. My ex spouse is not willing to sign on it.
I understand from MSF website that the $A includes the 50% of the outstanding loan. However, my ex spouse refused to sign and insisted that the loan should be fully taken over by me.
Extracted from:
https://familyassist.msf.gov.sg/content/impact-of-divorce/impact-of-divorce-on-housing/public-housing-options/retaining-your-current-flat/buying-your-spouses-share-of-the-flat/
Did a case hearing with Principal District Judge Phang Hsiao Chung and he is agreeable that I should be taking over all the outstanding loan. However, the amount stated in the court order is $A (includes loan based on MSF website) which i also indicated in HDB Option to Purchase which was signed by my ex spouse as well. He refused to sign on the Resale document to proceed with the sale to me.
Judge is not changing the court order to add in Registrar Empowerment Clause for me to proceed with the buying of house.
As i understand Part share resale Buyer and Seller scheme are different, can someone shed some lights to me why Part share resale outstanding loan has to be borne by me despite clearly stated in the court order?