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Dear sir/mdm,

Am sorry to hear about the situation, nevertheless, the split or management of the matrimonial aspect is not as straightforward as what your parents intend to do. It has to go through the court and with a final judgement, both your parents can then proceed on the arrangements.

Given that your mum does not have any income, if she does not also have any CPF funds in the CPF accounts, there is no way she can take over the property as there is no arrangement in place for guarantor system for Singapore's real estate market now. A borrower has to be at least a co-owner of the property.

Unless you are able to get a personal loan to cover the amount required to buy over, then it is possible. Otherwise, am afraid to say that there could be alternative arrangements required to take over this property.

I have been in the real estate business since 2009, with more than 14 years of experience serving the Singapore real estate market.

I am very active in the residential segment of Singapore real estate market, having transacted hundreds of deals from HDBs to private condominiums and landed properties in Singapore, and have handled many unique cases in sales and purchases as well as rental deals.

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Sorry to hear about the situation, I hope you are managing well.

If you wish to be a guarantor or to take a bank loan on this property, you have to be the owner of the property as well. If not you can't do that.

For divorce cases they also have to go through the court proceedings and file for the court order. Only when final judgement court order can they proceed to do what they need for the property ownership. Has your mum spoken to a lawyer on these matters?

Hope the above clarifies. I am well-versed with HDB and private property transactions, having helped more than 100 homeowners transit smoothly with their housing plans. Please reach out to me at 97432395  for a more in-depth discussion :)

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Hi,

I would be most glad to assist you further and pls feel free to let me know if you need any assistance. Have a good day ahead. By the way, since your mum is a housewife and don’t have much CPF in her account, then it is not possible for her to buy over the shares from your dad.

Regards
Aaron Chong
 9730 8455 
aaronchong2774@yahoo.com.sg Read More

Property Ownership and Loans:

Guarantor/Loan Requires Ownership: To be a guarantor for a loan or take a bank loan on a property, you must be the legal owner of that property.
Divorce and Property: In divorce cases, ownership of a property needs to be settled through court proceedings and a final judgment order before either party can proceed with actions related to the property.
WhatsApp me at: ABLE Toh >> 9856. 9255. or through this link.:https://wa.me/6598569255

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WhatsApp me at: ABLE Toh >>9856 9255 or through this link.:https://wa.me/6598569255

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XXXXX The End XXXXXXX Read More

Property Ownership and Loans:

Guarantor/Loan Requires Ownership: To be a guarantor for a loan or take a bank loan on a property, you must be the legal owner of that property.
Divorce and Property: In divorce cases, ownership of a property needs to be settled through court proceedings and a final judgment order before either party can proceed with actions related to the property.
WhatsApp me at: ABLE Toh (65) 98 56 92 55 or through this link.:https://wa.me/6598569255

----------------------------888--------------------------------888--------------------------->>> Read More

Hi there,

- Yes, you can be a guarantor for your mum's home loan, but it depends on the bank's policies and your financial standing.
- As a guarantor, you would be responsible for the loan if your mum is unable to make the payments.
- The loan amount your mum needs to take over your dad's portion will be assessed based on her ability to repay the loan, with your support as a guarantor.
- Banks typically pay out the loan amount directly to the seller, in this case, your dad, either by bank transfer or cheque.

Feel free to reach out if you need further assistance in navigating this process. Let's make sure the transition is smooth for your family.

Thank you.

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- Mani Subramanian Veeramani
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