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 advise regarding transfer of ownership (solved)

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TSpeachpeach
post Mar 5 2021, 04:57 PM, updated 5y ago

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Hi all,
Solv3d.Thankyou.

This post has been edited by peachpeach: Mar 17 2021, 09:13 AM
WaCKy-Angel
post Mar 5 2021, 05:00 PM

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From: KL
QUOTE(peachpeach @ Mar 5 2021, 04:57 PM)
Hi all,

My mom house was refinance under my sis in law name and the house outstanding is ard 15k only . Mom is the one paying the loan under SIL name .Now we want to clear the loan outstanding and do a transfer of ownership to me. How do we proceed from here using the cheapest way avoiding watever fees  ?

Do i have to just pay the remaining outstanding at the bank and claim the ownership ?
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Yes pay the outstanding.

As for the transfer ownership, is the house under your mom's name or under your sis in law name?
If under mom's name will be cheaper.
TSpeachpeach
post Mar 5 2021, 05:03 PM

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QUOTE(WaCKy-Angel @ Mar 5 2021, 05:00 PM)
Yes pay the outstanding.

As for the transfer ownership, is the house under your mom's name or under your sis in law name?
If under mom's name will be cheaper.
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The house name is under SIL . So SIL transfers to me once clear. So do we need a lawyer with us at bank when we clear the balance under my name (payment from my account) ?

This post has been edited by peachpeach: Mar 5 2021, 05:04 PM
COOLPINK
post Mar 5 2021, 05:14 PM

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QUOTE(peachpeach @ Mar 5 2021, 05:03 PM)
The house name is under SIL . So SIL transfers to me once clear. So do we need a lawyer with us at bank when we clear the balance under my name (payment from my account) ?
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no you do not need a lawyer with you at the bank when you clear the balance.
anakayam
post Mar 5 2021, 05:17 PM

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https://malaysiahousingloan.com/transfer-pr...perty-transfer/

Maybe can take a look at this
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