I bought a house over a year ago with a balloon loan that comes due later this year. I had to get this loan because I cosigned a loan for a friend and she missed some payments. At the time, this was the only loan I could get.
After I closed on my loan, my friend was laid off and stopped paying her mortgage, the loan went into foreclosure, but my friend and the bank came to some sort of agreement.
I am trying to refinance my loan, but no one will consider my application. Can you please tell me what route I can take? Is there a way to legally remove my name from her loan even if she is unable to refinance because of her credit?