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Hi,

I am a US citizen and am a co-owner of 2 condos in Singapore. I am located in the USA and do not have a local bank account in Singapore and one of the condo is being sold and I was told by the law firm we are engaging that the purchaser's lawyers will likely not agree to writing a check to the law firm and have the law firm disperse the money. Does this sound correct?
From my understanding, when multiple parties are involved, law firms disperse the money to each co-owner. The co-owners had suggested I deposit my money into their bank accounts and they will wire me the money but I am not comfortable with that since if the money is in their name, I am unsure if they have any legal obligation to then wire me the money and what legal recourse I have if they do not. My understanding is that a lawyer's account get created or a cvy account. I do not know why the said route is not being utilized and that something new has cropped up that the purchaser's lawyer may not agree to it. I have never heard of such a thing. Any advice? I am concerned for obvious reasons that my portion of the condos will fall through the cracks. Thanks.

Jeff
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6 Answers

Mark Ng S W
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Able S.K Toh
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IF you Need Further Help For Property such as Renting / Selling / Buying or Investing ,...

I am Sorry that This platform does not allow me to direct contact you.

To further assist you, please feel free to contact me via WhatsApp at 9856 9255  or through this link: https://wa.me/6598569255.

My services come with no obligations, and I'm here to help with any questions or assistance you need.

You can check out my reviews here: https://www.propertyguru.com.sg/agent/able-s-k-toh-61591.

For buyers, I offer solutions for sourcing resale and new private homes at no charge.

I can connect you with reputable bankers for private housing loans free of charge and with no obligation.

I also have partners to assist with mortgage home insurance matters.

Let's seal this affinity by technology; please PM me your contact for assistance with your real estate needs. So, I believe in Affinity (Chinese word: 缘份） :), let's SEAL this AFFINITY Not by blood but by Technology > Please PM, Private Message your contact so that I CAN BE (EXTRA) PAIR OF HANDS / BRAIN and LEGS to Assist you NOW or FUTURE REAL ESTATE NEEDS!

*** You can reach me at my Singapore mobile: +65 9856 9255  or email me at Able.selling@gmail.com.

From: ABLE Toh- Your Property ASSISTANT ：）

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Landon Chew
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Able S.K Toh
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