Zillow Advice: Mortgage Types - Any options for investor owned properties with underwater mortgages? http://www.zillow.com/advice-thread/Any-options-for-investor-owned-properties-with-underwater-mortgages/451705/ Zillow Advice | Zillow Real Estate Do you have a jumbo underwater ... http://www.zillow.com/advice-thread/Any-options-for-investor-owned-properties-with-underwater-mortgages/451705/ Do you have a jumbo underwater mortgage?&nbsp; Any estimate on CMV, and what was original price at closing? Sat, 15 Sep 2012 22:13:00 GMT http://www.zillow.com/advice-thread/Any-options-for-investor-owned-properties-with-underwater-mortgages/451705/ 2012-09-15T22:13:00Z 1) contact present lender ... http://www.zillow.com/advice-thread/Any-options-for-investor-owned-properties-with-underwater-mortgages/451705/ <p>1) contact present lender for any option they can provide<br/>2) pay balance down to the level that a refinance is possible<br/></p> Thu, 19 Jul 2012 16:53:00 GMT http://www.zillow.com/advice-thread/Any-options-for-investor-owned-properties-with-underwater-mortgages/451705/ 2012-07-19T16:53:00Z Kathleen,The short answer ... http://www.zillow.com/advice-thread/Any-options-for-investor-owned-properties-with-underwater-mortgages/451705/ Kathleen,<br/><br/>The short answer is no.&nbsp; Unfortunately you have few options if you are owned by Fannie Mae or Freddie Mac.<br/><br/>Who do you make your payments to and how far under water are you? Thu, 19 Jul 2012 16:53:00 GMT http://www.zillow.com/advice-thread/Any-options-for-investor-owned-properties-with-underwater-mortgages/451705/ 2012-07-19T16:53:00Z