The house is 50k underwater so your share of the negative equity is 25k. Based on that she would normally get 25k in offsetting assets such as cash, retirement accounts etc. to make up for taking 25k of your debt. What other funds are there that you expect to get a monetary settlement from? Sounds like she's been running up debt since a separation, and depending on your State and if you have actually filed for divorce that new debt might be marital as well.
Thame wrote:The bank will remove my name from the mortgage, I just have to sign the paperwork.
This occurs via a refinance of the mortgage. With your STBX's finances and increasing debt do you really think her getting refinanced is a sure thing? Sounds like she has no chance of successfully refinancing the marital home.
Gotta ask, are there children involved?