My Mortgage is held my an out-of-state bank that does not have a mortgage license in my state!!Hi,I'm so aggravated like millions of other American who took on mortgages 6 years ago. I live in Chicago "the city that works" yeah right. The good news...I have a secure job, excellent credit, and have been paying my mortgage on time for the last 6 years. Now, the bad news...My condo is underwater by 30-40%, My mortgage was "inherited" by an out of state bank a 5 years ago to which Im still paying a pmi. Here's my question: When attempting to re-finance, My current lender told me that they do not have a license in illinois and therefore could not re-fi my loan. They advised me that a local lender would have to service me. So I went to local banks, they told me that they cannot help me because 1) Its underwater and 2) Even if i wasn't, they cannot touch out of state mortgages. Any advice or guidance given my situation??? All these years I've worked hard, never missing any kind of payment..mortgage, credit card, student/car loans (paid off). I'm getting married this summer and want to start a family and eventually buy a house.May 14 2012 - Chicago00YesReport 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.