I doubt they'd be sold for pennies on the dollar. Assuming you have a fixed rate mortgage, it's worth less now because interest rates went up. If you ignore al

I doubt they'd be sold for pennies on the dollar. Assuming you have a fixed rate mortgage, it's worth less now because interest rates went up. If you ignore all the transaction/processing fees. You could borrow some number less than your principal balance at today's rates ~5%, and use that to buy your current mortgage at a discount (it dropped in value). But your monthly payment would end up the same. Higher interest on a lower principal balance. Roughly.