Hey guys. Okay. Before you judge me. Let me give a quick lowdown of the situation and pls - I’m not seeking the conventional banking credit score advice. I know all that already

But imagine this. I’m M, a working mom, recently divorced, and in our settlement. I gave my ex the house he asked for. - to just get out of the divorce asap cos he was literally choking the life out of me, slowing everything down just so that I can’t leave him. I just wanted this marriage dissolved asap. With the condition that of course I get out of the mortgage, and he gets sole ownership. Even though I’ve been paying for it for 10 years, (whereas he has been unemployed and paid nothing). It’s fine. Take the house. Cos i want my freedom. And I have enough money to tide me over for a long time, and a stable job. So no worries.

So this is the problem. He hasn’t made ANY attempts for ownership transfer or loan repayments. We’re no longer married and I still have to pick up his shit. I’m still the one doing all this shit.

I know I can take him back to court but it’s so draining!

So - this is my plan. And pls, I hope you listen with openness:
1. I default loan repayments
2. Then I wait for the bank foreclosure -
3. And what I understand is that if the buying price exceeds the remaining loan. I won’t owe the bank anything.

I’ve paid a valuation expert who’s valued this property at about 800k, and right now, say there’s 300k left to the loan. Am I in the safe zone?

Ps: pls be reminded that this isn’t about money. I just want to get out of his control. I want to have NOTHING to do with him, not even in property. I find it ridiculous that im now divorced, but still unable to get out of this with him.

Appreciate your feedback when you look at the scenario above with a different perspective. I really don’t appreciate another person wearing a “bank” hat.