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I currently reside in and pay the monthly mortgage for our
jointly held ex-marital home. In our Decision and Order, my ex is responsible
via credits to me for half the mortgage until it is paid off. We are currently
in post-judgment litigation. My intent is to purchase his share of the home at
the end of the case. The post-judgment litigation is mainly about the price of
the home and various credits that would be used towards the purchase of the
ex’s share of the home. So, I will not know the amount I would need to pay ex
until the post-judgment litigation is finished.
I recently received a letter from the mortgage company
notifying me that the mortgage will be ending soon and I will need to pay it
off. I could either pay it off in full or refinance. If I refinance, it would
have to be in my name alone.
1) Am I better off paying off the mortgage or refinancing
2) If I refinance it, what steps do I need to take to ensure
that my ex will still be responsible for half the new mortgage until he is removed
from the title or the house is sold?
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