[snowsislander]

If you or yours are in a bind, talk to whoever has your loan. Many lenders are in negotiating mode and don’t really want foreclosures on their hands.

No, it's nothing personal; I am just curious how one can "trade" non-assumable mortgages.

[purpleraine]

The leverage is against the lenders now. They really have their hands full of properties. Some are bundling and selling for 50-60 cents on the dollar (market vallue). Some are open to deals.