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Have you told the bank you can pay what is owing?
Can you pay the mortgage off or get refinancing?
The lender has the right to demand full payment of the mortgage.
But you can try and fight the foreclosure and it is possible that a court will agree with your position though not likely.
You will get what is left after the mortgage is paid off.
I suggest you consider paying a lawyer to write one letter to the lender making the lender see it is not going to be easy to simply go ahead and foreclose.