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my hubby and sister in law are joint tenants.Now my sil would like to settle down and transfer the ownership to me.(from A to B = A to C).The problem is now after combining both of our cpf,we still short of about $50000. No matter what hubby do not want to sell the house.What are the options avail?all my sister in law wants is just her cpf and wants no share from the house.
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1 Answer

Mike Lim
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Morning,

From your statement, I would gather that both of you are looking at transfer of ownership where both your husband and you are gathering enough CPF to return to your sister-in-law's contribution. Since there's shortage of $50k, you can either get a personal loan from bank or do a standard sales and purchase where both of you get a fresh mortgage from bank to purchase the unit.

Do feel free to contact me for further discussion.

Regards
Mike Lim
 96929209 
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