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Can we walk away from our current home but buy another before doing it?

Tacoma, WA |

We are upside down in our current home that we bought in 2008 and want to walk away. It has also become unsafe for our family to live here (have police records to prove). If we buy another house and move, then walk away from the unsafe house what could legally happen to us?

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Attorney answers 3


There's great debate about whether or not what you're proposing is ethical. putting that debate aside, there is little that can be done to prevent your plan. If you can qualify to purchase the 2nd home, then let the 1st home go, there's little the bank can do to prevent you from moving forward. Just be careful not to use the same bank for the new loan that's the lender on the previous one.

Good luck.

Evan A. Nielsen
1255 W. Colton Ave., #506 | Redlands, CA 92374
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Evan A. Nielsen is licensed to practice law in California. The information provided here is for educational purposes only and is not intended as legal advice for a particular matter. This response does not create any attorney-client relationship with the author. For specific advice about your particular situation, please consult an attorney.


Assuming that you do not have a second mortgage on the first home, and that you can qualify to purchase the new house, there is no legal problem with what you are doing. You will want to make sure that your new loan is not secured by both the first house and the second house.

Disclaimer: I provide information about the law designed to help users safely cope with their own legal needs. But legal information is not the same as legal advice -- the application of law to an individual's specific circumstances. Although I go to great length to make sure my information is accurate and useful, I recommend you consult a lawyer if you want professional assurance that my information, and your interpretation of it, is appropriate to your particular situation.


I agree with both previous answers, and as long as the deed of trust is foreclosed in a trustee's sale and there is no second your credit will take hit but the they will not get a defciency judgment unless there is a judicial foreclosure or a second mortgage.
Good Luck

Only If and until you and I sign an Agreement for Legal Services, I am not your attorney. These answers are provided for informational and/or novelty purposes