Hi,
It is a common way of using withdrawn to explain your gf current situation.
However, looking from legal perspective, it is an action of selling her share to her mother.
1. Do note there are general 2 types of holding a property;
a) Joint-tenancy: it means that your gf owns 50% of the property.
b) Tenancy-in-common: your gf share could be any value dependent on the shares indicated during purchase.
Thus you have to understand the types of holding your gf current committed.
This can allow you to understand implication.
2. Since this is a sell and buy process, the remaining party who is your future mother-in-law, does she has the capability to finance the BTO by herself.
Two situations might arise:
a) She can afford: She must be able to buy over your gf share dependent on valuation from HDB, and continue to service the mortgage.
(i) HDB loan: Check using HLE website calculator to find out whether she can afford the full loan.
https://services2.hdb.gov.sg/webapp/BP27MaxLoan/BP27PMax1.jsp
(ii) Bank loan: Check with the current bank they're dealing with to understand whether she can loan more to buy over your gf share.
b) She cannot afford: The only solution is to sell off current BTO.
3. Once you understand what is the situation than you can write a meaningful appeal to HDB for permission, whether it is a part sell or whole sell to move to your next stage.
4. Finally to answer to your query direct is, yes, your gf has to settle her current status in current BTO b4 you plan your next move.
All the best!!!
Hope the above answer to 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://www.facebook.com/Homesellerbuyer/
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