yoongf 11 Report post Posted November 18, 2010 If the wife with the care and control of the kid wants to buy over the husband share of the flat in a divorce, and the wife has no CPF funds, can wife take over the HDB loan to pay off the husband? Currently the HDB loan is joint name with husband. How does the conversion work? Take bridging loan (from family members) to pay off husband to remove husband name from loan? Or is consider a fresh loan application for the whole outstanding amount? Or does it make more sense now to go for retail bank loan for the entire amount? Share this post Link to post Share on other sites
bepgof 20 Report post Posted November 18, 2010 (edited) If the wife with the care and control of the kid wants to buy over the husband share of the flat in a divorce, and the wife has no CPF funds, can wife take over the HDB loan to pay off the husband? Currently the HDB loan is joint name with husband. How does the conversion work? Take bridging loan (from family members) to pay off husband to remove husband name from loan? Or is consider a fresh loan application for the whole outstanding amount? Or does it make more sense now to go for retail bank loan for the entire amount? She has no financial issue, self employed, partnership in mini-bus tpt service industry. I & my wife are guarantors to loans of her fleet of 3 buses. Letters flying between lawyer & lawyer now. BIL asks for all OA being returned + $30K cash. SIL replied no problem returning his OA(abt 60k) but $0 cash and she doesn't want any maintenance fee thereafter. Deadlock. She has time can afford to "drag". He's now staying with his brother. Only the child suffers. Edited November 18, 2010 by bepgof Share this post Link to post Share on other sites
