1st Mariner Mortgage
It's highly doubtful that you will be able to refinance your condo if you owe more than what the current value is. I suggest that you contact a reputable lender to inquire as they can answer your question best and be able to tell you what factors are involved in refinancing.
Good luck to you!
Prudential Connecticut Realty
Your question would be best directed to a good local lender. I recommend Pete O'Donnell at First Home Mortgage 410-299-2043. There is no obligation to use his services but he is always happy to answer questions and he is extremely knowledgable. Best of luck.