Re: Mortgage Modifications after bankruptcy

i am currently late in payments for 14 months and in foreclosure with my first mortgage having lost a lot of income until recently. the foreclosure has been stayed because i filed chapter 7 and i am waiting for the discharge. i also simultaneously submitted my request to both the first and second mortgage company for a loan modification with financials and a hardship letter after i filed as well. my second mortgage is $202,000.00 and is now threatening foreclosure as well because i am also 14 months behind payments. the value of my property is only now worth about the amount of my first mortgage so the second mortgage is completely upside down. i now have regular income from social security which changes my ability to now be able to pay regular mortgage payments if i get a loan modification from the first and second. what i am wondering is: what if the first mortgage is willing to modify but the second mortgage isn't and moves forward to foreclose. any suggestions? also; the first mortgage loan was sold from greenpoint mortgage to capital one to countrywide to bank of america. they can produce the original copy of the note however i haven't seen the paper trail from greenpoint to capital one to countrywide so is this worth pursuing? thanks for helping!