Can foreclose on my second home but continue to pay on my primary residence? will they come after that property? Also, I heard that in AZ, if you foreclose, the forgiven debt (i dont know if that's what you call the amount i wont be paying on the mortgages?) will not count as income and they will not come after you. Is this true? Then wouldn't alot more people be foreclosing? Does this mean the only reprocussion is the 250 drop in your credit score? there has to be more right?