Thank you for your question. I will try to assist you in answering it today but please feel free to ask as many follow up questions as you like until you are 100% satisfied.
I am afraid that the Debt Counseling will not help you if you have defaulted with a payment. The creditors will be fully entitled to proceed with further legal steps against you in this case.
Your options are limited to negotiate with the bank. They usually have options available whereby they can assist you with selling the property or changing your monthly payment amount. Unfortunately this is a negotiation and they do not HAVE to assist you if they do not want to.
Your last option is to either market the property yourself in order to get a good price for it or to apply for sequestration of your estate if you are unsuccessful with everything else.
If you do not do anything, the bank will issue summons against you and if they obtain judgment, they will sell the property on auction.
I hope this answered your question.
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