Your post does not add up. If you are in a Chapter 11 case you certainly have a lawyer because it is virtually impossible to not have one. Your facts also do not indicate you would be in a Ch. 11. Do you mean Chapter 13? Either way, you need a lawyer badly. You won't find many lenders even willing to re-finance in a Ch. 13. If you could re-finance, you'd probably be better off out of Ch. 13 anyway based on what you posted. Contact your lawyer, or get one, as you risk a Chapter 7 if creditors are not paid in full (again, based on your facts).
I agree with Mr Riddle. Ch11 doesn't sound at all appropriate for you with your facts.
I would think that you should be able to find someone willing to refinance a 47,000 mtg on a 200,000 home; but I can't see it saving you very much if you're only paying 700/mo now.
Revisit your case with your lawyer. Chapter 13 plans can be modified due to changed circumstances. If the chapter 13 case has become burdensome, you have the right to have the case dismissed.
This sounds like your attorney ripped you off. How can one pay $1,900 a month on 25k in debt?
$1,900 x 60 payments = $114,000. Makes absolutely no sense.
The above is general legal and business analysis. It is not "legal advise" but analysis, and different lawyers may analyse this matter differently, especially if there are additional facts not reflected in the question. I am not your attorney until retained by a written retainer agreement signed by both of us. I am only licensed in California. See also avvo.com terms and conditions item 9, incorporated as if it was reprinted here. Please visit my web site: www.avanesianlaw.com for more information about my services.