Hi brasidas,
It would be difficult for you to remove your ex-spouse's name from the mortgage documents. As the property is underwater, lenders will not be ready to let you refinance the loan in your name. You will have to sell off the property in order to remove her from the mortgage docs. If there is a deficient amount resulting from the sale of the property, then you will have to pay it off or the lender can come after both of you for the balance dues.
It would be difficult for you to remove your ex-spouse's name from the mortgage documents. As the property is underwater, lenders will not be ready to let you refinance the loan in your name. You will have to sell off the property in order to remove her from the mortgage docs. If there is a deficient amount resulting from the sale of the property, then you will have to pay it off or the lender can come after both of you for the balance dues.