Circles no more

[shouldistillhope]

That is the problem. There is no TELLING her i will be taking my name off the mortgage since there are only two ways to remove your name from a mortgage.

1. Sell the house. This is the easiest most desired method.
2. Refinance the house in her name. She would have to qualify for a new loan and be able to take over the payments and also give me half the equity built up in the house. If she doesn't qualify for a new loan, then i am stuck. It is in our D paperwork that if the house doesn't sell by next July, 2014 she has to make every effort to refinance the house in her name, but if she can't qualify for a loan on her own, i am not sure what we are going to do.

These are the only ways to get your name off a mortgage. I am already nervous about the fact that if she can't make the payment one month, it could severely affect my credit and ability to get my own loan down the road. I would then have to come up with money to cover rent and mortgage on our house.

Time seems to be an enemy right now. I am hoping she will be willing to consider trying to move that date up and refinance now instead of waiting for next year. I guess we will see how it goes.