How do I refinance when my mortgage is more than the property value.?

My husband & I purchased our condo with two loans from Bank of America: a 5/1 ARM @ 5.25% and a 2nd mortgage @ 6.75%. I would like to refinance our mortgages before the rates adjust. However, the value of our home has decreased over $ 100K. I have called Bank of America to get a loan modification and the woman I spoke to said we do not qualify. Is anybody else having this problem and how did you get a refinance?

What about Sara Palin and National Organization for Women?

Now let me see. . . . one of the main goals for NOW is to show that women CAN be a mother, wife, and a CEO and do all three VERY well AT THE SAME TIME.

So. . . what is the fuss all about? Is it because she likes to go out and hunt moose, skin ’em and bring the meat home? Or, is it because she is not “sophisticated” and does not spout the Hollywood line?

Now, I’m not trying to be sarcastic here, and if it seems so, I do not mean it that way at all.

I think that being a governor of a State is being pretty successful; however, truth be told, being a governor does not mean that a person will necessary be a great VP or potential president.

Mr. Jimmy Carter gives me the opinion of being a very nice person, and would no doubt make an excellent friend and neighbor. However, during his administration, mortgage loan interest rates soared to above 18%; he gave away the Panama Canal, and pardoned the Vietnam draft dodgers.

I gave 4 long years of my life in the service of this country. I was drafted in my senior year at the University of ********* in 1968, and was honorably discharged as a Staff Sargent 4 years later. The draft dodger pardon (in my opinion) was a slap in the face of all veterans.

However, his experience as a governor did not preclude him being the Democratic presidential nominee.

So. . . what’s all the fuss about?
Attention “Bekindto”: I agree with you. Mrs. Palin is a very attractive woman to have had 5 children.

There are a lot of working men and women who (in my opinion) could do a lot better in government than some of the people in the Congress and Senate are doing now.

Look at the corruption in politics now!

When is the last time a member of Congress has worked a 12 hour shift (for 7 days in a row) in a cotton mill or a coal mine?

There are GOOD people on both the ‘left’ and the ‘right’ of the political spectrum. I don’t think however, that we should be calling people stupid names just because we disagree with them.

Hope everyone has a happy New Year, and a better year (financially, spiritually, and health wise) than this year!

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