I am a 3rd owner of a HDB flat with os of $71K+ and have contributed $30K+ so far(inclusive of accrued interest). My wife is selling her HDB flat too and we are thinking of using our name for buying a resale flat since BTO we have to wait 2 1/2 yrs after my wife sold her flat.
Issue here is if i remove my name, my wife can assist on paying the CPF that i have contributed to the house after she sold off her own HDB and what about the balance of $71K+ i owe to HDB? Since my parents are old age i dont think HDB will allow a loan. Can i pay it via cash or giro instead while i apply a house on my own. Thanks.