FAQ library

I owe more than my house is worth

Can I still sell?

Yes, but either the lender must approve a short sale or you must cover the shortfall at closing.

Are there other options?

Possibly a loan modification, waiting for values to rise, or a deed in lieu. Each one has credit and tax effects worth reviewing with a professional.

Educational information only. Not legal advice, and no outcome is promised. Laws change, so consult a licensed Texas attorney or HUD-approved housing counselor.

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