Underwater Mortgage on a 1/1 condo with a baby on the way....Living in a condo my wife bought when she was single for 118k. Few years later we find out we're pregnant (yay!) and put the place on the market. 119K, 115K, 110K no biters... The current price puts us roughly 8k in the hole after closing and commission. We go to the HOA for a hardship to rent for a year so we can find a bigger place to raise our son. They feel we haven't been "competitive" enough with our pricing. We have 2 foreclosures in our building sitting at 69k and being "competitive" would basically involve us going into bankruptcy. They give us 6 months before they're even revisit the situation. Feeling in a rough spot and apparently out of options. Want to get out but don't want to ruin ourselves financially. Any advice? June 16 2010 - Candler Park00YesReport 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.