I have a friend who is facing foreclosure on his home. The home is only currently worth between $160K and $180K and has two mortgages on it totalling $205K ($160K on the first and $45K on the second). He is recently divorced and the ex wife is not making any monetary contributions to any of the debt she left behind. He will be contacting his lenders to see if anything can be done as the payments are current for the moment but he is seriously considering just letting it go because the monthly payments are such a struggle. Selling the home would only pay off the first but he is wondering what happens to the balance on the second?