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There is a program that can help you and the others. The company is Freedom USA Investing and they help people with underwater mortgages. They are able to put equity back in the property. The website is "Refinance under water mortgage help" and you can find it through the related link.

The program is able help 99.9% of the people who are underwater and can put the equity back into their property. It is nothing like the government programs which make you jump through a bunch of hoops only to tell you, you don't qualify.

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Q: What should you do if your mortgage is upside down?
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What is house under water in real estate terms?

That would be property where more is owed on the mortgage than the value of the property. The term upside down is also used in that sense.That would be property where more is owed on the mortgage than the value of the property. The term upside down is also used in that sense.That would be property where more is owed on the mortgage than the value of the property. The term upside down is also used in that sense.That would be property where more is owed on the mortgage than the value of the property. The term upside down is also used in that sense.


Are you responsible for the difference of equity on an upside down mortgage?

Yes, you are responsible for the loan amount (you signed the papers for the loan)


Will lender approve loan if 1st mortgage is upside down?

No; there needs to be equity in your property before you can borrow additional money.


Do you need to go to probate when upside down in mortgage and no assets?

No. Probate is the court that has jurisdiction over the estates of persons who have died.


What is the value of a Liberty quarter with the back eagle upside down?

Upside down is relative to which way you flip the coin. If flipping from top to bottom, the eagle should be upright. If flipping from side to side, the eagle should be upside-down. If the eagle is truly upside down from the way it should be, AND the coin has not been altered, then it could be worth a couple of hundred dollars.


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Can I get my mortgage principal adjusted to the market value of the property seeing that my loan amount exceeds the value of the property?

Nope. You've got an "upside down mortgage". That's what all the trouble is about.


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