I'm trying to find out if there are any principal reduction programs for people who no longer live in the house. I bought a house in florida right after a hurricane for 145K. I moved to another state and was able to purchase a home there as a result that I had a rent w/option to buy agreement on the florida home. Long story short the sale did not go through, as many know the florida market has dropped. the house is now valued at 95K, can't get out of PMI, and was previously told I could not refinance b/c of LTV and DTI ratio. I've depleted my savings trying to stay afloat. I can't even secure a good renter to cover 75% of the mortgage. It seems like all the government programs are geared towards ppl living in there homes... does anyone know if citimortgage has progams for those not living in the house??? I really can not afford to keep paying for a house I'm not living in. Any advice would be helpful.