Ggirl: Your individual situation really needs analyzing by a competent Short Sale Expert licensed by the Department of Real Estate. It sounds as if you are worried about the 1st Trust Deed Foreclosing on you because you are behind on the 2nd trust deed. It really depends on the types of loans. If the 2nd is a line of credit that will also make a difference. This is why your individual loan documents needs to be reviewed by a short sale expert or even a Real Estate Attorney. Many Real Estate Attorney's will give you a free consultation.