Asked by Casey Larsen, Highland, NY • Fri Dec 17, 2010
currently. We have tried to sell this house for over two years and even though we have followed the advice of our Realtor, we have not been successful in selling it due to this market. According to our Divorce Decree, I am responsible for paying half of the household expenses until the house sells or can be refinanced by either of us. Neither my ex or i can refinance ir on our own without another income. Now, since we cannot sell it without taking a huge loss, my new husband and I are thinking about "buying" it, but do not know the route we need to take. Can we just re-finance it, since I own and continue to pay half of the household expenses, as long as my ex agrees? Or, do my new husband and I "buy" it from myself and my ex? Ugh...so confusing! Please advice what can be done. My ex is willing to "walk" away as long as his name is taken off the mortgage and the Title of the house.
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