We own a home in South AL which we moved out of in May 2008. We had the house on the market...

until Jan. 09 at which time we rented it. We built a home in another part of AL in '08 and have been paying 2 mortgages since then. Both homes are mortgaged through the same company. The rentors have moved and we are faced with spending another $10K on upgrades to hopefully sell the house most likely for 20K less than we refinanced it for in '07. We are seriously considering not sinking more money into this home and letting the lender have it either by offereing the deed or allowing foreclosure. Could this affect our current mortgage in the home we are living in now? We are current on all paym

placeholder text for bug in Chrome