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My fiance has a condo she bought with her mother (ownership is 50-50). The condo is not fully paid yet. I will be taking over her mother's ownership. May I find out what needs to be done and what are the fees involved?
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2 Answers

Hi,

It can be done through conveyancing firms. Just curious, are there any particular strong reasons why you would want to do that? If they have no issues financing, you may wish to plan ahead and consider to get a property on your sole name for investment. Because should you wish to get a 2nd property next time, it will be more costly due to the stamp duties and limited financing available. That said, it also depends on your lifestyle and retirement needs. Thanks and hope to discuss further about your property portfolio.

Warm Regards,
Ivan Ng
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Email: Ivanng10@gmail.com
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Hi,
To avoid SSD, they must own the property more than 4 years. The loan contract is another item to cover if his mother is serving the loan.
To assist and advise you more in details, kindly drop me an email for me to share.

I am contactable at my mobile or email.

CK Ang
 9046 3808 
res.ckang@gmail.com Read More
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