I purchased a townhouse 5 years ago with a co-mortgagor. We both lived at the residence until she decided to stop paying and moved in with her boyfriend. She is still on the mortgage with me, but she refuses to make any payments.

She wants to be taken off of the mortgage, but we are upside down on our mortgage and we do not have any equity in the home. Refinancing is not possible because we owe ,000 more than what our house is currently worth. She wants out of her mortgage obligation, and she wants to just walk away.

I tried to do an assumption with our mortgage company, but they denied me. .This would have allowed me to take on the entire loan by myself, and it would have removed her from the loan. They said my income is not sufficient to approve the assumption.

What other options do I have? I just want to keep the house. My co-mortgagor will not sign her rights to the house over to me until she is taken off of the mortgage. Do I have the right to take legal action against her for walking away from her financial responsibilities?