What can I do with property that I bought in Florida that is worth alot less than it is mortgaged for?

Question

I bought 3 houses in Florida. Now it is threatening the house I own in New York. (my residence) What if I stopped paying the mortgages in Fl. Could they come after my house in NY?

Answer 1

How is it threatening your home in NY?  Is that property additional collateral on the Florida property?  If you stop paying the mortgages in Florida, you will s***w up your credit at the very least.  3 foreclosures would be devastating.  I can't imagine how long it would be before a lender would be willing to take a chance on you.