14/01/2022
𝗗𝗼 𝘆𝗼𝘂 𝗸𝗻𝗼𝘄 𝘁𝗵𝗮𝘁 𝐚𝐟𝐭𝐞𝐫 𝘆𝗼𝘂𝗿 𝗵𝗼𝗺𝗲 𝗶𝘀 𝘀𝗼𝗹𝗱, 𝗮𝗻𝗱 𝘆𝗼𝘂 𝗺𝗶𝗴𝗵𝘁 𝗵𝗮𝘃𝗲 𝗮 𝗻𝗲𝗴𝗮𝘁𝗶𝘃𝗲 𝘀𝗮𝗹𝗲𝘀?
What does it means?
This means that after you sell your house, on one hand you might not have sales proceeds (𝐧𝐨 𝐜𝐚𝐬𝐡 𝐜𝐨𝐦𝐞 𝐛𝐚𝐜𝐤) and on the other hand you might still need to pay cash to sell your house.
From the news article, it also mentioned some do not need to top up cash (Phew!)
But is this heng suay thingy?
How can we avoid this, and are you actually in any situation like this?
Please note that even your house if fully paid, you might still fall into situation like this ya........
𝐃𝐨 𝐲𝐨𝐮 𝐤𝐧𝐨𝐰 𝐚𝐧𝐲𝐭𝐡𝐢𝐧𝐠 𝐚𝐛𝐨𝐮𝐭 𝐭𝐡𝐢𝐬?
𝐇𝐨𝐰 𝐜𝐚𝐧 𝐰𝐞 𝐚𝐯𝐨𝐢𝐝 𝐭𝐡𝐢𝐬?
𝐓𝐡𝐢𝐬 𝐬𝐢𝐭𝐮𝐚𝐭𝐢𝐨𝐧 𝐢𝐬 𝐥𝐢𝐤𝐞 𝐎𝐗𝐘𝐆𝐄𝐍, 𝐲𝐨𝐮 𝐝𝐨𝐧'𝐭 𝐟𝐞𝐞𝐥 𝐢𝐭 𝐭𝐢𝐥𝐥 𝐲𝐨𝐮 𝐥𝐨𝐬𝐭 𝐢𝐭.
