Hi, I live in Mich and owe $195k to WF on my mortgage. I'm 3 months behind in payments and estimate the house worth about $180-190. I also have a second mortgage through Fifth Third for $24k. I filed ch 7 July 12th with intent to surrender the house. Estimated discharge is 10-22-11. I was planning on taking money out of our retirement, about $40k, to do a land contract after discharge but now I'm wondering if it would be possible to use that to save my current house. Is it to late to remodify? Can I try after discharge? I was thinking of trying to pay off 5/3rd to remove the second lien for about $5-10k and use the rest to try and work something out with WF. Is this possible? Thoughts? Thanks in advance.
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