Updated over 13 years ago on . Most recent reply
Very underwater
Almost related to a young couple that own a condo as a rental that is 60k underwater.
The wife bought it when single as a primary residence at market peak with basically no down. The lender says no adjustment because no equity.
They have 2 solid incomes but would like to have her stay home with kids for a while. They can't with big negative and another new house pymt.
Isn't there a program out there for good paying, highly qualified people to reduce interest rate on a deal like this?