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How do I get rid of a house that I cannot afford, cannot refinance and cannot sell?

Refinance
d_guy67 asked:


I origianlly purchased my house and then refinance it at 100% on an arm. I purchased another house closer to work and am living in that house now. The intention was to rent out the first house to cover my payment. Now my payment has increased due to the arm. I cannot refinance since I no longer live there. The renters did not work out and the rent no longer covers my payment. I cannot sell because the house is no longer worth what is against it. Help!!!

June

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