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
GianCann 0 Report post Posted June 18 I’ve heard stories that many people either get married or on the contrary get divorced to solve housing issues. But at first it always seems like a more positive and successful decision. I still recommend thinking about the consequences of such decisions. Share this post Link to post Share on other sites
GianCann 0 Report post Posted June 18 I’ve heard stories that many people either get married or on the contrary get divorced to solve housing issues. But at first it always seems like a more positive and successful decision. I still recommend thinking about the consequences of such decisions. Share this post Link to post Share on other sites
GarryGrey 0 Report post Posted June 19 I know that too. I would honestly prefer not to start any official processes when the reason is money, real estate and stuff like that. It can really lead to big problems. Very often, almost always, one side at some point decides to leave or decides they are entitled to a bigger share, or whatever, and you’re already in the marriage. And then you can’t just do uncontested divorce california anymore. You have to go through a full divorce process, paying a lot of money to lawyers just to split debts, property, and other things. Is it really worth it? Share this post Link to post Share on other sites
