AskGuru Q&A Community

Get answers from PropertyGuru experts in 24 hours

Asked by
I would like to acquire about the procedures and process pertaining to the sales of flat by a divorced, Undischarged Bankrupt, in particular, the necessary compliance, time line for the entire process and the distribution of sales proceeds between the co-owners.

What is the average time line difference between a "undischarged bankrupt Vs a Standard, regular sales transaction?

What are the typical challenges faced in this type of sales?

Wheng Wheng
0 •
1001 views
Upvote Upvoted
Want this question answered?
Get faster responses from our experts by upvoting.
Be the first to upvote this question.

4 Answers

Philip Chong
Replied
For divorce, the court order will advise on the handling of the matrimonial assets. If the decision is to sell, the distribution of proceeds will be advised. The requirement is the final court order for salesperson to proceed with the sales process. As for the bankruptcy issue, it is good to check and confirmed with the OA that the cash proceeds will not be affected. Other than that, the sales process is as per normal. Do give me a call @ 81613790  or email me: propnex@me.com if you have any further queries. Rgds Philip Chong, Associate Team Director, Singapore Accredited Mortgage Planner, PropNex Realty Pte Ltd. Read More
0
Upvote Upvoted
Mike Lim
Replied
Morning,

You should have the court order which will indicate the instruction for the matters on your existing HDB unit. To proceed with the marketing, you will need to engage an agent, inform your OA on the intention of sales and during submission of application to HDB. The rest of the procedure and timeline is the same to standard HDB resale transaction.

Do feel free to contact me if you require further assistance.

Regards
Mike Lim
 96929209 
m52i@yahoo.com
ERA Read More
0
Upvote Upvoted
Landon Chew
Replied
Hi, hopefully you managed to get your doubt or query answered. If, so then congrats! Hopefully you are doing well now.

If you are currently or planning to find a property agent, I can assist.

If you are interested in prices of houses in your neighbourhood, you may visit this website to find out more or contact me .

https://www.era.com.sg/R064892F

If you are currently planning to go on a property journey selling/buying/renting/investing, I can be of assistance. Do feel free to reach out to me for more queries and assistance.

Landon Chew
97 39 60 40
landonchew@email.com Read More
1
Upvote Upvoted
Able S.K Toh
Replied
WhatsApp me at: ABLE Toh (65) 9856-9255  or through this link.:https://wa.me/6598569255

----------------------------888--------------------------------888--------------------------->>>

(1) "If you need more assistance with property matters:

like renting / selling, buying / or investing, I'm here to help!

WhatsApp me at: ✔✔ABLE Toh (65) 9856*9255 or through this link.:https://wa.me/6598569255

(Unfortunately, this platform doesn't allow direct contact, but you can easily reach me )

(2) (***) ✅✅ You can READ my REVIEWS here:

✅✅ https://www.propertyguru.com.sg/agent/able-s-k-toh-61591.

(3) ✅✅ For PRIVATE Home Buyers, I offer solutions for sourcing resale and new PRIVATE homes at ✅✅ ZERO charge (Because Most PRIVATE seller Agent are willing to share commission with Buyer Agent)

*** You can reach me at my Singapore mobile: (65) 9856 9255 

***(4) ✅ ✅ ✅ DEVELOPER SALES TEAM!!! BEST PRICES !!! ✅ ✅ NO AGENT FEES !! ✅ ✅ LOWEST PRICE GUARANTEED!!!

*** Connect Singapore Line: (65) 9856*9255

FOR : UPDATED INFO / E- BROCHURE / FLOOR PLAN / PRICE LIST!!!

NEW Launches Condominium in 2025 , call , whatsapp me FOR BEST CHEAPEST, LOWEST PRICE: Read More
0
Upvote Upvoted

Still looking for answers?

Get answers from PropertyGuru experts in 24 hours

Ask Your Question
Previously Asked Questions