So what if I have a mortgage which soon will adjust, and soon will be an unreachable payment in today's economy (with gas prices skyrocketing, soon I'll have to choose between the mortgage or drive to work, and living in a rural community and commuting to the city for work, with no public transportation, I cannot be without a vehicle). Is there any truth to the rumor you can obtain a new mortgage on a different home, without your current home being in pre-foreclosure and without putting it on the market (since it now is worth much less than is owed)?