There are so many questions I have because of your circumstance that I don't know where to start.
The first recommendation I have is to speak to a real estate attorney to find out where you stand.
I have a great real estate attorney I use and recommend if you desire that contact.
I would also refrain from asking too many questions on line about this because this could lead you in a direction not advisable.
What you want right now is protection and a plan for the best outcome for you.
Ph (480) 220-7491
Fax (866- 711 8573
Keller Williams - Scottsdale, AZ
2008-2009 Master of Real Estate award recipient
ABR, GRI, ePro, CNE, MRE, AHWD
I would also contact each of the lenders and see what they are willing to do. They may suggest to sell the homes or possibly adjust your payments.
I wish you the best feel freee to contact me if you have any questions!
Some banks will do loan modifications and or possibly consider a Short Sale. Options are available for you!!