Hi,
1) Yes, she is considered to own a property, especially under the eye of the HDB.
2) Maybe there is some misunderstanding on the transferring of the title when the property is under a mortgage.
3) In Singapore, when we bought a completed or uncompleted property with a loan. The title deed will lodge with a caveat. Meaning when we intend to sell or transform some share to others, we have to inform the company or person who lodges the caveat on the title deed.
4) So it seems like we are not fully own the property until paying off the loan. A similar situation also happened to us when buying a car with a loan.
5) It is best to settle the property overseas before you buy your HDB flat. Because overseas property might not be easy to dispose of compared to Singapore.
6) Some overseas property not able to find buyers for long period. So end up a lot of these properties were bought by relatives or friends.
Hope the above answer your main concerns, but if there are more query, please feel free to contact me at
90110636
, or email: ling.ck7@gmail.com if more information is needed.
I'll be glad to assist.
Best regards
Ling CK
90110636
ling.ck7@gmail.com
https://R056727F.propnex.net/
https://www.facebook.com/Homesellerbuyer
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