Am i tough out of luck? We bought our house in june 2008. our conventional loan was for 122,000 (at 5.5% interest) for a 2 bd 1 bth house with a large yard. we are not behind on our payments and both my husband and I have jobs at the moment- but with a baby times are rough. I wanted to stay home with the baby but due to our debt i could not.our house is appraised by zillow at 77k at the moment. i would like to know if there is anything i can do to lower our payments. id like to save more money to actually expand our house. Our current balance is at 113k that is from 122k in 2008 (we pay $420 Bi-weekly. $840 a month) Wells Fargo is the one who owns it. i tried to find out who really owns it and they "couldnt tell me." My dad keeps telling me to walk from the property and he would help me get another house. i would hate to do that since our credit scores are excellent. anyone have any ideas? Thanks in advance!December 13 2011 - Tucson00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.