What can home owners do when they are up side down in their property value?  There are a few options to consider.  In addition to lowering the interest rate of your loan you can also lower the balance.  There are several loan modification programs available, some of which will also reduce the amount of negative equity on the loan balance.  Contact your lender to begin this. Afterwards you can better position the price point of your home by taking advantage a new service @ takelist.com. Takelist is a dedicated assumable mortgage directory. This directory helps you bypass all traditional cost that normally mark up the price of a home sale. It is designed to help you find a buyer for your home when you do not have excess equity. Take a look for yourself.  Takelist.com