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 Lawyer's Corner v2, One-stop centre for any legal queries

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F1meteor
post Feb 26 2012, 05:57 PM

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QUOTE(dariofoo @ Jan 29 2012, 01:23 AM)
Your sis has to be agreeable to it. If she's ok, it's just her signature on the Form 14A to transfer which is needed. Issue is only with the bank - you need to check with them if they can agree to the transfer without the need to refinance. The bank as the chargee has to agree to the transfer subject to charge.

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Hi Dario,

My current scenario is almost like this.
I signed S&P with my fiancée.
The loan is also under both of our names.

The property is a condominium which is still under constructions.
Is it possible to remove her name from the property?
Kind of like change it to me become the only owner.

Do I need a lawyer service?
Any issue with the bank?
F1meteor
post Feb 27 2012, 09:29 AM

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From: KL, Malaysia
QUOTE(dariofoo @ Feb 27 2012, 01:07 AM)
Yes you do need a lawyer. You can't just remove her name, you'd have to refinance the loan and do an assignment. Check with the bank as to their requirement. The property is basically assigned to them so you can't decide anything without first consulting them.

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Should I check with the bank first or with the lawyer first?
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