Sorry to hear about your situation. You are not alone. There are millions like you. Real estate is not a good investment, I guess you know that now. Good luck

Hey Cesar, Have you tried to work out a loan modification with the bank or negotiate a short sale?

As I understand it, in California purchase mortgages are non recourse, meaning that they cannot come after you for any of their loss. However, if the loan was a re-fi, they can.

Cesar,

As long as you continue to make payments on the other home they can not force you to sell or take your home from you. If you consider Bankruptcy however, a judge may have different ideas about how to put you in a position where you can more easily afford your monthly obligations.

Let me know if you would like someone to contact your lenders on your behalf at no charge. DO NOT pay anyone upfront to help you negotiate with your current lenders. Too many scams out there.