Jun 12 2019, 12:00 PM
QUOTE(urylia @ Jun 12 2019, 10:33 AM)
Hi all,
Would like your advise on this scenario.
My father and I had joint ownership of a condo, and the loan is under both of our names as well.
I am still servicing the loan.
Now, my father would like to transfer his share of the condo to me, thus making me have 100% ownership.
How can we proceed?
Do we need to engage with a lawyer?
Do I need to refinance with a new loan agreement?
Thank you.
1. U can ownself do it without lawyer but it could be not easy and takes time.Would like your advise on this scenario.
My father and I had joint ownership of a condo, and the loan is under both of our names as well.
I am still servicing the loan.
Now, my father would like to transfer his share of the condo to me, thus making me have 100% ownership.
How can we proceed?
Do we need to engage with a lawyer?
Do I need to refinance with a new loan agreement?
Thank you.
2. Yes u need
Btw is it already got strata title? if not then could be even more complicated.
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