Like Derek we too have several rentals that we had plenty of equity in them, they have dropped in value and the banks will not allow us to refi because we are good payers. It's just not right.
Drop me a lie with your address and I'll see what value I come up with.
Please note ... inflated appraisals and shady purchases and refis are a BIG reason we are in the mess we are in. Thus, safeguards are now in-place to avoid this in the future, and I hope these safeguards are forever in-place to protect all of us.
I feel your pain, as I have an investment property worth more than I owe, and an adjustable loan on it to-boot, so I am surely not poking fun at you. As the old wives tale goes ... one can't get blood from a turnip.