I have a second mortgage that I am attempting to try and refinance but I'm underwater in my townhome is this durable
Sell it Short Sale if you are more than $75,000 upside down.

Any SIVA loans in california?
I have a lender who says they can handle. Near conforming rates, but they only have a 5 year fixed. Fixed for 5 yrs then it converts to an ARM automatically.