I have two homes in Louisiana. One is designated as my primary residence. The primary is being foreclosed on because the lender is being very aggressive. The other home we have worked out a repayment plan. The primary has a first and second. I want to let the primary go and move to the second house. If I do this, will I have any liability for the first home? The primary has little equity, but the second has 50% equity almost. We feel it would be better financially to let the primary go and concentrate our finances on one house rather than continuing a stretched budget. The Primary wants a large payment now, and 250% payments for 7 months. We can't afford that. The second wants 200% payments on the same house.
So the question is of liability. My credit is already trashed so that is of no consequence.

