In a bind over flat purchase involving bankrupt
IN MAY last year, my wife and I bought a five-room HDB flat on the open market, on a contra-sale of our three-room flat.
At the second appointment, we learnt the seller was an undischarged bankrupt, and had outstanding loans or debts to the HDB, town council and Central Provident Fund Board. HDB did not advise us or take any precaution to protect the deposit we paid to the seller via the housing agent.
As buyers, we had completed our responsibility of paying all sums due. The seller had repeatedly failed to pay his debts to the parties named.
We sought the assistance of MPs for Bishan-Toa Payoh GRC, and wrote to the chief executive of HDB and the CPF Board on several occasions, but to no avail.
To make matters worse, while the paperwork for the ownership transfer had not been completed, the CPF Board deducted money from our CPF account as if the purchase transaction had been completed.
Our family of five, including two very small children, are without a home.
It has been one long frustrating year and we desperately need a home. We write this open letter to ask the authorities for help.
Ng Song Khim
IN MAY last year, my wife and I bought a five-room HDB flat on the open market, on a contra-sale of our three-room flat.
At the second appointment, we learnt the seller was an undischarged bankrupt, and had outstanding loans or debts to the HDB, town council and Central Provident Fund Board. HDB did not advise us or take any precaution to protect the deposit we paid to the seller via the housing agent.
As buyers, we had completed our responsibility of paying all sums due. The seller had repeatedly failed to pay his debts to the parties named.
We sought the assistance of MPs for Bishan-Toa Payoh GRC, and wrote to the chief executive of HDB and the CPF Board on several occasions, but to no avail.
To make matters worse, while the paperwork for the ownership transfer had not been completed, the CPF Board deducted money from our CPF account as if the purchase transaction had been completed.
Our family of five, including two very small children, are without a home.
It has been one long frustrating year and we desperately need a home. We write this open letter to ask the authorities for help.
Ng Song Khim
