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Help with Promissory Note between ex-bf and a Mortgage.

I know it's long, but I am desperate and can't find a similar situation anywhere, TIA seriously.

Long story short I own a house with my ex boyfriend, his father gifted us $26k for down-payment, and had us sign a Promissory Note with an attorney. The note explains, under my written request, my ex is to pay me half the equity on the constructive equity of the home (taxable value - purchase price, divided by 2), the example ofc shows positve equity. Secondly, I agree to assist in removing my name from all titles and waiving all ownership rights.

The house has negative equity of about 40k, but the note doesn't say I would pay half of that back at all. Do I have to? What power do I have in being able to relieve myself of the mortgage? He's been paying all the bills for 9 months, and randomly asks me for 7-900 dollars for bills, when I explain to him I can't shell out that cash on a whim. He berates me for leaving him and eventually takes the fact I don't have money and leaves me alone for a few months, and then this happens all over again a couple months later. Latest is receiving an email threatening to sue and garnish my wages for not having paid bills. He doesn't live there and hasn't for 8 months now because it's been on the market since August, no offers.

When I asked for my name off the house months ago, and to do a Quit Claim, the attorney advised against doing so, and my ex couldn't afford the $700 increase in mortgage by himself. I agreed to keep my name on the house and sign papers to assist in the sale of it, while agreeing to take no profit. That was months ago and days ago I found out he's looking to sue. What do I do? I'm emotionally drained and feel like I'm being held hostage.

I paid half of all bills up until the last month we were together, because I had quit my job and planned to get a job at home and take care of the home. We budgeted for months and confirmed he could afford all bills until I could get back to work. In no way was me quitting my job related to the breakup, if you think that because of the timing, I understand the timing sucked.

I was also advised against doing the Quit Claim because my ex's father would pursue repayment of the down-payment, as well as repayment for renovations that him and my ex had done in order to sell the house, without my knowledge. The gift payment was done at the time of the house so its legally a gift, which I understand should be upheld in court. I also received a threatening phone call from his father, telling me that I was going to take no profit on the sale, and that anything I paid in bills was just rent because he himself had gifted us this house essentially, even though mine and my ex's names are the only ones on the loan and titles.

Thank you for reading, I'm so lost on what I can do.

submitted by /u/whatimwearing
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source https://www.reddit.com/r/RealEstate/comments/18l5qtj/help_with_promissory_note_between_exbf_and_a/
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