Abandoning a primary residence after purchasing another one in a different state

[tampabaygirl]

What is the name of your state? Texas
What are the ramifications if you abandon your primary residence after you have purchased another one in a different state?

 

[HomeGuru]

What is the name of your state? Texas
What are the ramifications if you abandon your primary residence after you have purchased another one in a different state?

**A: read your mortgage and note.

 

[nextwife]

IF you own it Free and clear, very little other than liability as owner if something happens to anyonme there while you are still owner..

If you have a mortgage, plenty. Credit implications, default judgement against you, possible other liabilities .