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Can a home not be refinanced due to waiver of PMI in original loan?

We bought a property with no money down and the pmi was waived now the home is under water and we are being told it cant be refinanced. HELP
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January 23 2013 - Lombard
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Sean - 3 spams in 29 minutes not cool.  Zillow police are about to delete your post so beat them to the punch ,and go back in and delete your contact info and comply with the Good Neigbor Policy in the future.
user3613902 - when did you close on the loan (month - year) ?
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January 24 2013
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January 24 2013
That isn't the case. The PMI can be transferred.  Most lenders don't allow the PMI to transfer.  We have programs that do.  Contact me for further details.
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January 23 2013
 
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