Hi Carmen:

Regret to hear of your problem.

Ruth and I are Certified Distressed Property Expert and HAFA specialist,
we should be able to help you.

Give us a call.

Best regards
Perry
408-656-5343

http://www.ruthandperry.com

Loan modification is definitely the first route. If Chase decided to auction property, then you may consider to put property into a short sale. Once you have an offer, the listing agent will be able to negotiate the bank and stop or postpone the foreclosure. Short sale properties in Sunnyvale, CA is highly seeked provided that it is price right. Also, it is very important to review the loan documents from Chase to see if there is any deficiency clause, ie. whether the borrower is personally liable for the debts if it is sold less than what is owed. It is also important to be prepared for the tax impact if it is an investment and not a primary home. Our company has handled a lot of short sale and is experienced in it.

A couple of your options are:
Try to do a short sale to stop the foreclosure..
Just let them foreclose

Birdland is a relatively nice part of Sunnyvale. Where did you get the price estimate of $360Kr?