Asked by Mr. Derek Lim
Hi I would like to check how part purchase works and how is loan affected.
1. Current property name under A and B
2. Loan from Bank is
Borrower: B & C
Gurantor: A
3. B want to buy back the share of A (so B will be 100% owner)
4. Since A is bank guarantor, can we just remove the name from the loan.
5. Pay for stamp duty etc.. and other paper work to remove A from the property.
Thanks
1. Current property name under A and B
2. Loan from Bank is
Borrower: B & C
Gurantor: A
3. B want to buy back the share of A (so B will be 100% owner)
4. Since A is bank guarantor, can we just remove the name from the loan.
5. Pay for stamp duty etc.. and other paper work to remove A from the property.
Thanks
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