In your situation, where your name is still on the title deed of a private property (condo) despite being divorced for 10 years, there are some challenges to overcome before you can purchase an HDB resale flat and utilize your CPF funds.
**1. Removing Your Name from the Condo:**
* **Negotiation:** Try talking to your ex-wife again and explain the importance of removing your name from the condo. If she refuses, consider involving a mediator or lawyer to facilitate a mutually agreeable solution.
* **Legal Action:** As a last resort, you might need to take legal action to remove your name. This can be a lengthy and costly process, so it's best to explore other options first.
**2. Purchasing an HDB Resale Flat:**
* **Eligibility:** Once your name is removed from the condo, you become eligible to buy an HDB resale flat as a single. However, keep in mind that other eligibility criteria like age, citizenship, and income will also apply.
* **CPF Usage:** After turning 55, your CPF savings will start to move into your Retirement Account (RA). However, you can still use the remaining funds in your Ordinary Account (OA) to buy a resale flat.
**Recommendations:**
* **Prioritize Legal Action:** To expedite your HDB purchase, focus on getting your name removed from the condo through negotiation or legal action. This is the primary hurdle to overcome.
* **Consult HDB:** Once your name is removed, contact HDB to clarify your eligibility for purchasing a resale flat and utilizing your CPF savings.
* **Seek Legal Advice:** Consult a lawyer specializing in family and property law to understand your rights and options in detail. They can guide you through the process and help you achieve a favorable outcome.
Remember, acting quickly is crucial as your CPF funds will gradually move into your RA. By resolving the condo issue promptly, you can secure your HDB resale flat and utilize your CPF savings effectively.
WhatsApp me at: ABLE Toh (65) 98 56 92 55 or through this link.:https://wa.me/6598569255
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(***) You can check out my reviews here:
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*** You can reach me at my Singapore mobile: (65) 98 56 92 55 or email me at Able.selling@gmail.com.
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