Legal Question in Real Estate Law in Texas

home forclosure

We have purchased a new home and the contract on our former home failed. We can not make 2 house payments much longer. Can we allow the former home to be forclosed on without filing bankruptcy ?


Asked on 3/12/07, 7:05 pm

1 Answer from Attorneys
Cheryl Rivera Smith The Smith Law Firm

Re: home forclosure

Probably not. The deficiency judgment may be tens or thousands of dollars. It is best to try and resell.

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Answered on 3/13/07, 9:28 am


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