I've stopped paying my 2 Mortgages, because I just can not afford it anymore when one of them walked up to a thousand dollars. What can I expect my bank to do? I put my house on the market, although it is ~ $ 80,000.00 less than what my combined mortgage is. My bank will not try to make me pay a portion of the monthly mortgage would they? As I see it, if a partial payment is the same as no payment for far as my credit is concerned, so why should I pay it? It all comes to interest. I want to wait it out until I can short sell my house or close and in the mean time, you spend the extra money to pay off some debt. Does this strategy sound?

That is a disaster strategy. You are willingly destroys your life. It's not just sneak up on you. Refinance or sell. If you have no intention of doing either, so at least call them and ask for a form of plans to leave peacefully and not have your credit ruined for the next decade.