Asked by w***@hotmail.com
Hi there, I am in the midst of divorce and selling off the flat is currently stressing me alot. Due to some personal reasons, I really wish to sell off the flat asap, but the finance repercussion is holding me back.
Would like to seek some professional advise.
I took a Proximity Grant and First Timer Housing Grant when purchasing the flat.
Price of flat: $382,000
The flat will meet its MOP in Feb 2024. If I were to sell the flat back to HDB before the MOP is met, what would be the losses? And also how much cash must I have in hand to pay back to HDB?
The ex is demanding $30,000 from the sales of flat. Would like to know, if the flat were to be sold back to HDB, all the returns would be to CFP (at a loss right)?
Thank you.
Would like to seek some professional advise.
I took a Proximity Grant and First Timer Housing Grant when purchasing the flat.
Price of flat: $382,000
The flat will meet its MOP in Feb 2024. If I were to sell the flat back to HDB before the MOP is met, what would be the losses? And also how much cash must I have in hand to pay back to HDB?
The ex is demanding $30,000 from the sales of flat. Would like to know, if the flat were to be sold back to HDB, all the returns would be to CFP (at a loss right)?
Thank you.
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