DEAR BENNY: I bought a home with my husband in 2002. We are both on the mortgage. When we got divorced in 2006, he bought me out and I signed over the quitclaim deed of the house to him. He was to pay me $50,000 of which I’ve collected only $25,000. We continue to remain in contact for the sake of our son. I decided to leave my name on the mortgage loan because his income alone would not qualify him to refinance on his own.

He has been good in keeping up with the mortgage payment until six months ago when he defaulted on the home loan due to an unforeseen financial hardship. The house is upside down and three years of unpaid property taxes are due. I’ve made a big mistake in helping him and now my credit is ruined. The bank refused to remove me from the mortgage loan.

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