My ex- and I still share equity in our home. Since the divorce she has had a man move in. Their combined incomes are about 4 times what I make. He sold his condo when he moved into the house and has the money invested. Under the terms of the divorce agreement my ex-wife can stay in the house for another two years (until my youngest reaches 18). My question is: does this guy moving in qualify as some sort of "material change" where I can try to get my equity out sooner? She has to refinance next year, and I'm thinking of not signing off on the refi unless I get my equity. This guy can well afford to buy me out. I think I should at least be compensated for him living off my equity.
Do I have any room to move on this or am I simply out of luck because the original divorce agreement can't be changed?
You are stuck. Not because the divorce can not be changed but because the other man has nothing to do with it. He can be a millionaire and it has nothing to do with you, her or the property.
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