Saw this posted on the boston.com home messege board"This might help. Heres something for you, theres a program call short refi thats exactly for the people that are making there payment. Heres how it works: 1. you apply to a mortgage company that will pre-approve you for the short refi. 2. you get a current appraisal of your property. 3. you have to write a hardship letter to your current lender, explaining the reason were you are not going to be able to pay your loan of (ex.) 200k for a house thats worth 140k. then your Mortgage broker starts negotiating with your current lender(not all lenders are aboard, i have a list of the ones that are you can email me at JJY1961@YAHOO.COM for a current list). Lenders that are willing to get money now instead of 6-12 months later thru a short sale will say ok.