How can I get a High-LTV ration mortgage refinance loan?

I have a recently purchased Condo in DC with a value that continues to tank with the economy. Currently have 2 mortgages on it making the LTV somewhere in the neighborhood of 110 percent. Looking to refinance (I have relatively high income, excellent credit) Property value approximately $250,000 and I owe $270,000 combined. Anybody know if I can even expect to find a lender in this economy willing to lend in this situation?