Has anyone had succes refinancing an underwater mortgage? My wife has a mortgage on the home she owned prior to our marriage (we live in the house I have . She's been underwater for quite some time now, but always on time and always in full on payments. She owes about $115k. I think the house would be appraised at 86k+.
As the article points out....the trick is finding the lender willing to do so. Any recommendations?