who has this problem

[Mel Rosario]

I LIVE in in a Las Vegas house originally bought for 350k in 2005 now worth about 160k. The monthly mortgage w/o taxes is about $2000. I have made all my payments and never have been late. I want to buy a bigger house in the same city. Has anyone been in this same situation and what creative things have you done.

what i have thought is to rent it out, but the rent will only get me 1000-1200 and i will fall short of at least 800-1000/mo. this can be offset with my cashflow positive properties.

sell it, but i will still be liable to pay for the balance

i can't walk away, make too much

can i renegotiate with the bank to lower my rate and payments?

thanks