Hi,
1) You didn't mention whether this is an HDB or private residential.
2) If this is an HDB flat, you must satisfy the 2 conditions to keep the flat:
(a) Eligible to keep the flat under the current HDB policy in the first place.
(b) Have the financial capacity to buy over your ex-spouse share.
3) If you are unable to fulfill (2), you will have to sell your flat.
4) If this is a private residential house, you just need to satisfy 2(b).
5) If you are able to fulfill the requirement, you can bring this up as part of the negotiation condition.
6) However, if you are unable to fulfill the requirement. Then the court will issue an order to sell so as to split the money according to your submitted agreement.
7) You have to talk to your lawyer about what you wish to have and wants, they will be able to advise you accordingly.
Hope the above answer your main concerns, but if there are more query, please feel free to contact me at
90110636
, or email: ling.ck7@gmail.com if more information is needed.
I'll be glad to assist.
Best regards
Ling CK
90110636
ling.ck7@gmail.com
https://R056727F.propnex.net/
https://www.facebook.com/Homesellerbuyer
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