Mortgage after bankruptcy

[peecee]

My cousin declared bankruptcy in 2004, and paid it off in 2011. She got divorced about a month after the bankruptcy was paid off. She and her ex-husband own the prior marital home, and they have a section in the divorce agreement that she is allowed to live in the house with her son and pays a proportionate amount for the mortgage until he turns 21). She asked me if she should sell and buy something on her own or stay in it. I told her if I were the ex-husband, I'd rather see her stay in the house (his child support is reduced by the amount he pays in the mortgage) than sell it. If I were her, I'd sell to get the equity out now and move into an apartment or something. I doubt she'd be able to qualify for a mortgage. Ultimately, I suggested she talk to a mortgage broker, because I have no idea what she should do that would benefit her the most financially.

I figured I'd ask here to see what the general thought is.

[ChrisMD]

Is she having problems affording the house? Why does she want or need to move?