My (now ex-)girlfriend and I purchased a home a little over 3 years ago on a mortgage. We refinanced the mortgage last November. Now we've split up...she's moving out of town & I'm moving back into the home at the beginning of next month. Due to the drop in the property value, my current financial status (Employed & able to pay the mortgage and bills, but not employed at a high-enough position to equal both of our previous incomes), and the general state of the economy, a refinance at this point isn't possible.
I will be taking over all mortgage payments & anything house-related, though her name will remain on the loan. Is there a certain type of legal document that I can have the two of us sign & get notarized to relinquish her interest in the property?
I just want to have myself covered in all ways, so down the road she can't say "technically this house is mine" or file the mortgage as part of her taxes, or whatever else she could do with it. I intend to have her taken off the mortgage and solo-refinance it when the opportunity is made available.
Also, what would be some things that could benefit her from signing this? (To help me convince her to do it...)
Thank you very much for any help & support you can provide!