Location : Singapore
I bought a Singapore Government-owned Housing & Development Board (“HDB”) flat financed by a HDB housing loan . Unfortunately not long after taking up that loan, I lost my job with no proper employment for four years. As a result I was unable to service the loan and have accumulated a loan arrears of $60,000 . My request to rent out the flat to settle the arrears was rejected by the Board and the flat is at the verge of getting repossessed by the Board. Upon which will be incurring huge financial losses.
Currently I am employed but my income is erratic as I am on fully commission basis. And I have to emotionally and financially support an aged mother.
I am hoping to settle the arrears of $60,000. retain my flat and rent it out to meet future loan repayments.
Appreciate any help. May God Bless you all.
You can contact me at [email protected] if you have any queries.