[NoahSi]

Thank you Professor here are the answers to your questions:

Condo
1. Located in CA
2. Yes condo was originally purchased in 2004 as primary residence (lived there until 2006 - now renting it out)
3. Both loans were refinanced and not the original loan taken out on property. 2nd was a cash out HELOC

SFR
1. Located in CA
2. Yes purchased in 2006 as primary residence
3. We put 20% down and got a 1st of 1,020,000 with ING. Then about a month later took out the 20% as cash for landscaping, upgrades, etc (I know, stupid!)

Let me know if you have any other questions. My main concern is of course if we foreclose on the primary that the 2nd (Chase) will come after us and place a judgement for the $250,000. And I was seeing if its even worth it to try and do a loan modification and hope for principal reduction or some crazy 2-3% fixed rate for the condo - we have come to terms that we can no longer afford big primary SFR and must move back to condo to make things work and relieve the stress. Thanks for your time!

Noah Si