Debt settlement on 2nd mortgage

Get help from an attorney and prepare a divorce decree. This is a legal document that is going to separate your share of debt from your ex's.

Have you talked to your ex about her share and that she needs to pay?

That's already been established. She's responsible equaly as am I. I just want out either by paying for half or Bankruptchy which I really don't want to do.

If your ex is not paying according to the decree signed by her, then you may have to consider legal help.

I unknowingly signed for my son's 2nd thinking it was still the first. MY son defaulted and there looking to me to pay up. The deal was my son would assume first and 2nd after one year. The sum owing is 126,000 and sum. What to do? Can I offer 20% lump sum??

Fancylug2000,
Is the second Mortgage sueing you for the unpaid 2nd? Was the 2nd a HELOC? This is important to know...
I would only pay them or settle if they attempt to sue you and obtain a Judgement. Check your states Staute of Limitations on being sued for a deficiency judgement as related to mortgages. If past the statute ( SOL)then, you don't legally owe them. Also, I wouldn't file a BK unless a judgement is actually obtained against you, and even then, I probably would still not file a BK unless they were actively seeking payment on the debt.