Unfortunately, there is nothing you can do but play the game under the rules that the bank dictates. You can invest several thousand dollars to hire an attorney to appear in the foreclosure suit (if it is a court foreclosure and not a trustee sale). You can't win the case, but very often the bank will take a more realistic look at your and their situation and offer something that you can accept. It might take several more years and in the meantime, you will be living for free. That is an opportunity for you to save your monthly payments and in the end you will have enough money to make a down payment on another home. So stay as long as you can and don't move out until you absolutely have to.
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