Posted by James on July 22, 2007 at 11:59:52:
Negotiate with the mortgage holder. Long shot, but possibility. You probablly cannot refinance due to late payments - talk to your credit union to see if they are willing to work something out for you instead. They sometimes let the few lates on your credit be overlooked. Again, a long shot.
You could find an investor to do something with, but that’s the longest shot here - the ARM is still in place and that needs to be dealt with first.