ownership transfer and refinancing
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 Nov 12 2018, 07:57 AM, updated 8y ago
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#1
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Junior Member
206 posts Joined: Dec 2008  
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hi guys, two years ago me and my friend purchased a property together. now my friend want to quit and transfer the ownership and loan to me, can anyone advise me what are the procedure to:
1. transfer the ownership 2. refinance the loan to only have my name please advise, thank you. |
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Nov 13 2018, 02:46 PM
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#2
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Senior Member
1,205 posts Joined: Oct 2006 From: Kuala Lumpur
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» Click to show Spoiler - click again to hide... « 1. SPA between u and ur fren to buy the half share 2. apply loan to purchase/refinance the property |
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Nov 13 2018, 02:49 PM
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#3
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Senior Member
1,441 posts Joined: Nov 2006 From: I Do Not Know
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Yeah, you will need to go do the stamp duty .. (which is money, but I believe should be shared 50 - 50 with your friend since he is checking out early)
apply for a loan to pay off wtv amount is owed to the bank. |
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Nov 14 2018, 04:36 PM
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#4
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Junior Member
206 posts Joined: Dec 2008
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QUOTE(hanhanhan @ Nov 13 2018, 02:46 PM) » Click to show Spoiler - click again to hide... « 1. SPA between u and ur fren to buy the half share 2. apply loan to purchase/refinance the property  |
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Nov 15 2018, 11:44 AM
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#5
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Senior Member
1,205 posts Joined: Oct 2006 From: Kuala Lumpur
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QUOTE(xtreme~~ @ Nov 14 2018, 04:36 PM) so the process is like buying the house again? yup |
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