my mortgage is 250k and the value of the property less than 100k now....I would like to refinance the property. Is this posible?

Ernesto, A refinance would require you to have equity in your home. With the numbers as you have provided them, unfortunately this does not seem to be the case. I would recommend that you reach out to your current lender and see if they would be willing to modify your existing mortgage, possibly even offering a principal reduction. Sincerely, John A Soricelli Jrwww.ThinkJohnAJr.com

Only place that is going to refi your loan is your existing loan company.