Foreclosure and investment properties

[John O'reilly]

I currently own three investment properties in the South Florida area. Due to the economic downfall and lack of viable renters, these properties have become nothing more than money pits. I am currently considering foreclosure due to the fact that I can no longer maintain these properties. Is it true that the mortgage companies can sue me after the foreclosure process and come after my primary residence, my retirement accounts, garnish my wages etc??