My house could be sold for $ 400,000 in California and...I owe $200,000. total in Mortgage Loans leaving me an equity of $ 200,000. Is there any programs that will let me use my equity to pay off the mortgage loans? I realize I would have no remaining equity, but at least I would own my home free and clear. FYI: I am 5 months behind on my mortgage payments...October 12 2010 - Los Angeles00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.