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

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sapphire_rock
post Jan 28 2012, 07:58 AM

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Hi Dario,

I bought a property 8 years ago together with my sister.

We got the loan approved with both our name and therefore the title and the loan is under both our name.

Few year ago, i actually refinance the loan. The loan is now only under my name but the title is still me and my sister name.

Say right now, i would like to remove my sister name from the title. Do you see any complication involves? What would be the fees like?

Thanks.
sapphire_rock
post Feb 6 2012, 07:06 AM

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Hi Dario,

Happy Chap Goh Mei !!!!

Yes my sis agreed to it. Where to get get Form 14A ? I have check with the bank, but they told me to get a lawyer to settle issues with the remover of name from the title first.

Then only my lawyer can give instruction to the bank to amend the rest of the procedures.

I understand that anything the involve the land/title authority will need plenty of $$.

What should i do now?

Thanks



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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