I am in need of some pointers on how to go about change of property ownership where property is still under construction?
1. Bought a condominium with my sister's and wife's name in late 2016; all S&P, loan docs signed.
2. Property still under construction.
3. Stage of bank loan billing > piling.
4. Deposit of purchase paid by sister 50% and myself 50% equally;
Problem now arise as wife wants to divorce, and we were both wondering:-
1. How can we transfer ownership of this purchased property to me at this stage (wife to husband)?
2. Can an ownership change be made during MOT? If yes, should myself & wife enter into an irrevocable agreement of our intend before the MOT process, inform developer & financier bank loan?
3. Or any other right procedure, legal means that I should do it? Any legal advice?
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asked on Oct 31, 2017 at 21:39
edited on Nov 29, 2017 at 06:10
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