Banks in this area bid home back for amount owe at court house step to protect there interest and then put home back on market after foreclosure is done.
You would be able to buy you home at much cheaper price once it's hit the market as a foreclosure.
I would be glad to talk to you .. There is lot's of good foreclosures out there at great prices if your dad is willing to help you out.
There also is a program know as short sale to keep you in your home to. It may be to late for this propram to work for you.