Buying Condo in Florida and Leaving a House in Virginia

[Jarpel]

My question involves a foreclosure in the State of: Virginia.
I may have to relocate to Florida because of my work and plan to buy a condo there, the problem is that I won't be able to pay two mortgages at the same time. If I can't make the payments on the house in Virginia (current on mtg now) and ask for a short sale, deed-in lieu or if the lender foreclose on the property, what will happen to my condo in Florida (financed by a conventional 30 yr mortgage as owner occupied)
Thank you very much

[Mr. Knowitall]

If you have the same lender for both properties, check their contractual rights in the event of foreclosure against one of the properties.

Based upon what you've told us about your financial situation I'm not sure that you'll presently qualify for a mortgage on a second property. Have you attempted to prequalify?

[Jarpel]

Thank you for your reply. I do qualify for a mortgage to buy a second home and also for one as owners occupied if I relocate to the area. The lenders will be different and the questions is about the consequences of not being able to pay the original mortgage once I moved to FL and how if they foreclose and there is a deficiency judgment I could be affected