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Yes, you do have a defense here. Pursuant to Mass. Ann. Laws ch. 260, § 1 et. seq., the statute of limitations for a loan in Mass. is 6 years. So, you are beyond the statute of limitations and that gives you an absolute defense.
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There is nothing illegal about this. It would be unusual especially since you mentioned she "co-signed" for you which means both of you signed. But, unless she objected to it, there's nothing illegal about it.
If you are not on the mortgage, you're not on the mortgage. It's not illegal. The mortgage is still secured by your house so if the loan isn't paid, the lender can take the house. The only thing not being on the mortgage means is that if the loan is in default, if the value of the house is not sufficient to pay the mortgage in foreclosure, the lender would not then be able to pursue you for any deficiency. But, you are at risk because your house is at risk.