Hi All Sifu,

I am currently a joint holder for a house in puchong with my sister, the house is under my sister and my name, but her bf parent is staying in the house and they are paying for the instalment. However, they are defaulting payment each month, it's coming 3 months due and this effect my ccris, I would like to know, would this affect my ccris information, because whenever I apply for credit card, it was rejected. I am thinking to buy house in the next 2 years, would this affect me to get a house loan in the future?

Also, I would like to know what is the procedure and how much to pay to transfer my name out from this housing loan?

Thanks in advance for reply if any.

Hi Speakeasy,

Thanks for the reply, but I did not pay a single cent for the house neither my sister, I was just helping my sister and she was just helping her bf parent, because their parent can't apply bank loan due to business they are doing. It could be due to trust or something.

What if I just want to transfer my name out and other thing is none of my business, can this be done?

This post has been edited by vaio_me: Jul 17 2008, 02:36 PM

I am just the joint holder and my sister is the main borrower, due to my sister income and her bf family, they can't apply loan.

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Added on July 17, 2008, 3:19 pmI am the joint name only, hmm... I think they can't afford to pay and if I take the house, they would be homeless, but I have to bear all this consequences. This is terrible .. my god.

Yea, that would be the same, they would be homeless. I think there is no more option. Thanks.

This post has been edited by vaio_me: Jul 17 2008, 03:19 PM

Yea, that would be too risky. I think I have no choice if thing gone worst.

Thanks b00n, thanks for the advise. I seriously need to go clean, else I would be deep shit in future if my name get blacklisted, learned a lesson, sometimes being good guy is hard.

Thanks, yea, I have talked to them and they say will think about it and let them settle their financial problem first. I'll just wait till October.

Thanks, the purchse was 250k above. It's not that much, hopefully things goes well, thanks for reply.