LPT: Seperated, bought out before bubble burst but still on mortgage?

Hi,

I'm separated. As part of the agreement my then partner bought me out of the apartment just before the bubble burst. BUT......

The mortgage company wouldn't give her a mortgage on her own, so my name stayed on the mortgage. I wasn't bothered about it at the time, thinking that at some stage it would be sorted out and I'd sign it over whenever requested.

However, the bubble then burst and now the house is in negative equity by about 150k (possibly slightly more). It is standing empty because I haven't lived there in years and my ex moved into a rental with her new partner.

She hasn't paid the mortgage in over a year. The bank want us (although I'm sticking to my guns about it being none of my business any more) to rent it. But there is no point because rental income wouldn't even cover the interest only. The ex is going along with that, but I think I should prevent it happening while my name is still on the mortgage in order to force a repossession and an end to this nightmare.

Meanwhile there's a property tax coming. What do you reckon my position will be on it, or what should I do about it?

I'm on social welfare and have been for 7 years now.

Any and all advice greatly welcome.

Cheers.

Well regardless of personal situations unless you fall into one of the exemptions listed here http://www.*****************.com/local-property-tax-exemptions.html then you will have to cough up like the rest of us, many of whom are dependent on social welfare and maybe even single income households.

Thanks Pudds, The thing is I won't even get the letter. I don't have keys to the place and haven't for years. I don't know if my ex will pay it either. If she doesn't then the first I could know about it is reduced weekly payments without having been able to defer or anything. I have a new baby and I can't afford any surprises.

I could possibly fall into one of the exemption categories, but I shouldn't have to. I have no access to the property.