Legal Question in Real Estate Law in Texas

I'm stuck in a home that isn't worth what I owe and it needs a lot repairs. I currently have excellent credit. If I go ahead and purchase a new home and then let this one go, what can I expect to happen? What should I do? I'm beyond desperate to get out of here.


Asked on 6/07/11, 10:37 am

1 Answer from Attorneys
Mark Dunn Mark D. Dunn

You're not going to be able to get another home loan while the old one remains unpaid.

If you allow the old home to be foreclosed, it will adversely affect your credit rating.

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Answered on 6/09/11, 12:38 pm


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