For better advice than mine (which shouldn't be hard to find), and to locate a non-profit, HUD approved, foreclosure prevention expert in MN, visit the link below.
Minnesota is a non-recourse state. If this is your primary residence and WF is the only lien on the home you are good. It is really 2nd liens and so forth that can do deficiencies. As always, I am not an attorney so feel free to seek legal advice.
Good Luck to you
Keller Williams Premier Realty
No one knows ahead of time what the lender will bid for the home. If you redeem (98%) don't or can't for many reasons biggest is it has to be cash.
You still have choices now if you wait to long you won/t call me and I can help. I never charge anyone for help and have helped many.
Cell phone 612-719-3236 or come into my office with an appointment on the Southwest corner of Hwy 101 and Hwy 7.
Although Indiana is Non-Recourse State; there may be exceptions and you need to know.
Research it on-line, or talk to a Real Estate Attorney.
The Indiana REDEMPTION rules would be something else to research. You probably need to talk to your Lender about the AMOUNT you would need to REDEEM the property; every State and every Bank is different. Have you talked to your Lender?