If you are able to maintian the payments on the condo then you may not have any option besides paying it at the higher interest rate. You are in a little bit of a predicament becuase the programs offered out there by the governemtn to help with the people that cannot afford their payments are designed for home owners. It sounds like you are a landlord.
The only options you may have are to move back into the condo and maintain it as your primary residence for at least 6 months and then try to refinance ti again as a primary residence or if you are truly underwater on the loan to value amount and cannto afford to maintain the existign payment on the house you may want to consider a short sale......
But all this is specualtion without knowing a little more detail as to whay you are trying to refinance your mortgage.
Coldwell Banker United
If you are current on your rent, even though your interest rate is higher than current rents, you may not need to anything. However if your rent is not paying the mortgage, and you are facing foreclosure, http://www.NCForeclosurePrevention.org is a good site for foreclosure prevention. If you don't qualify for the HARP refi, you still have some options, including going through a short sale or possibly re-establishing it as a primary residence, then trying the HARP or getting a foreclosure prevention loan. Whatever you do, if you have gotten a notice of foreclosure, you should act quickly and engage an attorney to negotiate this debt settlement. A foreclosure is not settlement of debt and can leave you open to future collections. If you appreciate an answer, please give thumbs up. For the most helpful answer, please say thanks with a best answer click.