that I am truly upside down in the mortgage balances. I am due for the July 2009 payment for both mortgages (1st and 2nd). The first mortgage is held through Bank of America and second is held through Green tree. I have three tenants living in the house and they are struggling with making the rent payment. There has been problems with the house as to the plumbing. One of the tenants has put over $600 to redo the PVC piping. I understand about budging for the plumbing in my part of my responsibility, however I know I will not be able to keep up with the mortgage payments due to the tenants are struggling. I told the tenants that I don't want to be the landlord after the lease is up in November 2009. I plan on selling it or if the tenants can qualify for a mortgage to sell it to them. As it comes down to it, I would prefer to do a deed lieu of foreclosure. I just need some advise of what to do at this stage and what the outcome will be.