300,000 will be your "New" mortgage amount and would be the amount needed to redeem your home. You can sell your property for more than 300,000 and not owe the difference as long as the "new" balance is payed and keep any proceeds made by the sale for yourself.... more
You have an obligation to pay the rent to the current landlord and the bank if they request it.
The bank cannot boot you from the home until your lease is up. They might try and you may get an agent knocking at your door who represents the bank but you just need to remind them of your rights and give them a copy of your lease. Any problems after that and you can always refer to the MN Attorney General.... more