You may have several options including filing bankruptcy or conducting a short sale, both of which may be able to get your more time.You should obtain legal advice from an attorney on both of these options including tax and credit consequences.
If you would like to talk more about the short sale process please call me or email me your contact info.
Best of luck,
Did you try to sell it? Is there any equity in the property? If not, did you look into a short sale option?
If you would like some more info on these options, pleae feel free to contact me.
Century 21 AllPoints Realty
That will make the House revert to the Lender.
Then, 2-3 weeks later, a Realtor will get the Listing and they will visit you: They will offer you Moving Money/Cash for Keys, from $1000 to $3000 for a timely move without damage to the house.
Please do not take the lights or the doors.
From that point, they would expect you to be out in 30
They will give you the money AFTER you move.
Good luck and may God bless