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 Transfer of house ownership

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hanhanhan
post May 25 2019, 07:32 PM

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1,205 posts

Joined: Oct 2006
From: Kuala Lumpur


QUOTE(enixcv123 @ May 17 2019, 08:42 PM)
Guys, need some help here.

I need to know what is the procedure of transfering ownership from one brother to another brother.

1. Still loan with bank.. another 25 years to go.
2. The bro that holding the ownership is currently living at other country. Already cut tie with him due to person reason, and he is the main principle when borrow loan.
3. The house is joint with 3 names.

Fyi, I just want to make sure that he is not entitle anything at all, and worried he will get one third once the loan is settled.
*
1. take a loan (under the intended new owners) to pay off the existing loan

2. ask him come back to sign, or send docs to overseas for him to sign.

3. get your bro to sign authorization letter to release the balance purchase price (if any) to the intended new owners instead

good luck with 2 & 3.

 

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