What are all of the ramifications of walking away from
our mortgage since our house won't sell? ? We would like to upgrade houses. We have found many houses that we want to buy, but can't sell our house. We would have to sell our house for $30,000 less than we owe just to move, and I don't want to go to closing owing that much money. Why wouldn't I just walk away from that house after I get my loan for another house. My lender already said we can qualify for 2 house loans. I would like to know what will happen if I were to just walk away from our current house.
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