Will lender take lease into account?I have condo in another state in which I am UPSIDE DOWN! :( I am fortunate, however, to be employed and have been able to continue making payments (as depressing as it is!).I have rented it in order to be able to move to a new area, so I am treating it as a rental property. I have a signed lease ..Will a lender in my new area take the lease/rental situation into account if I apply for a mtg ... or will the condo mortgage expense be considered only as a liability?I think I can get a great deal on foreclosure in my new area and reduce my living expenses (compared with renting) ...Thanks for your help ...April 21 2010 - Charlotte00YesReport 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.