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 Buyin 2nd Hand Condo - left by bf sister., Will this difficult to transfer? Help...

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cactus1
post Aug 28 2008, 02:09 PM

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Joined: May 2008
QUOTE(8v!n @ Aug 27 2008, 12:02 PM)
Hi everyone,

Currently, me & my bf facing some sensitive issue on buying property under both name. I would like to get some advise here. Let me share my problem.

My bf sister had pass-away and left the condo property under the name of my bf and bf-lil-sis.

We Planning to buy the condo:
The condo price is 220k.
Transfer the name under writing for me & bf

Problem
Need to transfer 2 times, Pass away sis name --> to bf & bf-lil-sis --> me & bf
1) Legal Charges issue. (the current property lawyer going to charge Rm6k per transfer)
2) the flow is not approved. (For me alone, i'm not able to pay for the installment)

How can we success to do the transfer? Please help and thanks in advanced.
*
u sounds more like know nothing. what is FLOW ?

FEW ISSUES RAISED:-
1. how old is ur so called bf sister ?
2. the condo successor name is your bf and ur bf sister ?
3. u and ur bf wants to buy the house from ur bf and ur bf sister?
4. how pld is ur bf sister ?
5. u are not eligible for the loan, and why u are the one apply the loan not ur bf since your salary is under requirement?

this basically is ridiculous question.
cactus1
post Aug 29 2008, 12:44 AM

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QUOTE(8v!n @ Aug 28 2008, 02:57 PM)
Dear cactus1,

I'm first timer to buy housing property, and dunno those legal stuff or housing procedure as i'm more likely in ICT + media line.

To reply ur question:

    Me & my bf is 25 y/o,  bf lil-sis is 24 y/o, owner which the sis had pass-away is in early 30s.

    the condo beneficiaries to my bf & bf lil-sis

    The flow we plan is [pass-away sis]----> beneficiary to [my bf & bf lil-sis] -------> buy over [me &  my bf]

    Me & bf definately eligible to get loan. As for this mean time, my income is more than my bf. We both plan to get the housing loan. But of course, since bf got lil-financial-problem, so that i need to pay more. But, i just worried, one day i cant fork out more money then wat i plan now.  Plan this because once we got our own house, then can get married.
Is this silly thought that i have? Or i act too much instead to get married?
*
firstly, i am not interested with your personal issue which regarding u and ur so called bf.

the answer is pretty straight forward. ur bf sister is more than 18, legally, she can decide the management of assets from inheritance. get a solicitor to transfer the name from ur bf and ur bf sister to u and ur bf.

done.

bare in mind that, the existance of more than 1 name in s&p is a lot more hassle than one single name.

secondly, if the property is still under loan, then, the scenario will be slightly different.

lastly, as what other forumer said, u are just a 25 years old, and u thinking of buying the property in the join name with the bf, which is quite silly.

 

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