Own 5 homes, short $4000 monthly, need plan

[Mike]

great site and great people, I will run a lengthy scenario by you. I can not afford all of my loans (I am short approx $4000 monthly and have tapped my credit cards). I own 5 houses in Washington State. Two are rentals, one is for sale, those are ok. Heres where it gets tricky. Note: My credit taking a hit is not a concern, late payments already dropped it from 720 to 550. 20403 main residence. I can not afford. 1st Mtg 250k, HELOC 195k, might get 425k if sold. I want to get rid of this property. I have missed 2 payments on the 1st and 4 payments on the 2nd. What is my best option? I thought about contacting the 2nd regarding a short sale. 1713 rental. I bought it from owner via deed of trust, assuming the existing IRS lien on the home (lien is also on a lot behind the home, sold to my sister at same time). Lien is in the name of the prior owner. When I refi'd 2 years ago, a title company said lien was gone. We then had the home sold 6 months ago, but my title company found the lien! We tried a short sale but lender said they did not consider it a short sale, that I got my money and should have paid the lien. I explained title said it was gone. They still said no. Title then confirmed it was a lender only policy, so we had no recourse. The IRS would not accept 50% payoff either. So sale fail. We rented it. I want this home to go back to the lender so the IRS lien gets paid. I have missed 3 payments, assuming they will eventually foreclose, then when they resell it, IRS lien will be gone (and the lot behind it will be free and clear). Do I have any other option and am I right about the IRS lien getting paid? 12102 rental. Have a 1st and 2nd (80/20 when purchased). What will happen if I do not make 2nd mtg payments? Paid 335k, current value is 300k. THANK YOU ALL!