Hi,
1) You have to know that you need all owners to sign on the OTP & S&P in order for a sale to go through.
2) OTP and S&P can be courier to all the owners even they are not in the country, this should not be an issue.
3) Upon completion of sales in Singapore, usually the sales proceeds have 2 portions; CPF + cash.
4) CPF portion is not an issue since it is automatically deducted from the sales proceeds and deposit into the owner's CPF account.
5) I believed you are concern about the cash portion. A cashier order or cheque will be issued to the seller with all owners' names on the payee column.
6) You have to deposit this cashier order or cheque into a joint saving account before being able to withdraw the money.
Hope the above answer to 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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