Legal Question in Credit and Debt Law in Texas
What are the repurcussions of walking away from a home loan that has been foreclosed in the state of Texas
Asked on 3/10/12, 5:37 am
1 Answer from Attorneys
Mark Dunn
Mark D. Dunn
It ruins your credit. That's about it.
You'll have a hard time getting another home loan.
If there's a "deficiency balance," there's a tiny chance that the bank will pursue it.
Answered on 3/12/12, 3:13 pm