I buy properties in all different ways. Please contact me and let me talk to you about possibablly buying this before you get foreclosed. You can reach me either by phone or text at 708-942-7039 or e-mail: firstname.lastname@example.org
Try to examine other options other than foreclosure. Walking away is not the best option. A short sale would probably be your best option. I would definitely go and file an appearance. You want to be notified of what is happening with your property. Many good agents dealing with short sales, such as myself, work with attorneys who can give you the best advice for your situation. Feel free to contact myself or an experienced agent that you are comfortable with.
In a short sale, a good Attorney will have the bank wipe out all your debt and all your other obligations like taxes and other liens. Make sure you do not pay anything in advance and that they have a good track record in these types of sales.
If you are in the Chicago area, give me a call at 773 865-5678.