if you've been struggling the last 2 years, and you're about to be foreclosed (what did you receive? A Notice of Default, Notice of Trustee Sale?), then immediately contact a realtor who can help you sell the property.
If you're having a hardship, such as your inability to keep up with the mortgage payments (financial reasons), then you may qualify to sell this as a short sale. in a short sale, your unpaid balance will be "forgiven". See Mortgage Forgiveness Debt Relief Act and Debt Cancellation for more info.
But the worst thing you can do at this point is to wait ....contact a realtor immediately and get your property on the market.
You may find yourself in a situation where you will breathe a sigh of relief once it's sold.
It sounds like you need to contact your lender to discuss with them the possibility of selling your home rather than be foreclosed on. I would think that they would want to see an effort on your part to make a payment on your mortgage to show good faith. I suggest that you contact an attorney who has experience in these situations to assist you in working with your lender.
Prudential Connecticut Realty
You may be too late to sell depending on how far along the foreclosure process is. In today's market selling is not an easy task sometimes and it could take months. Your bank might wait and they might not, it depends on your situation. You need to be talking with the bank and I would have suggested listing the house long ago. Talk to the bank to see what you can do to hold off the foreclosure process so you can sell the house.
You can sell the property contact a Realtor
Contact lender if you want to catch up on the outstanding balance due
Lynn911 Dallas Realtor & Consultant, Loan Officer, Credit Repair Advisor
The Michael Group - Dallas Business Journal Top Ranked Realtors