Hello! I am a licensed attorney, eligible to practice in front of state and federal court, who is ready to help. I have a nearly 100% satisfaction rating (click here to see my ratings information) so all that means is that you can count on me to help today. I'm very sorry to hear about your situation. Although I don't know the exact specifics of your situation, you may have something that you can use to help defend against the Foreclosure action. This seems like an issue of unfair business practices which could give you some compensation if you were to bring a lawsuit.
1.To establish that there was an unfair practice, there must be a representation, omission or practice that is likely to mislead the consumer;
2. The representation is examined from the perspective of a consumer acting reasonably in the circumstances; and
3. The representation, omission or practice must be material enough to affect the consumer’s conduct or decision, even though no actual reliance is required.
In this case, if they overvalued the value of the house, then you may be able to take some additional action. Typically, the Department of Finance were thinking in your state or even the Federal Trade Commission or typically the organizations that can step in and help you. I don't know whether they can help stop the Foreclosure, but they may be able to issue an injunction until they're able to get the situation fixed. An injunction is a legal action where prohibits one-party from doing something or forces them to do something. In your case, a judge could order that the foreclosure proceeding stop until the issue of unfair practices is settled.
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