If you live in so called "judicial state", the foreclosure process cannot be completed until a judgment is issued against you. Even after the judgement and following "sheriff sale", some states allow previous owners to reclaim their properties (under some very harsh conditions). It is not easy, but it is possible. First you should find out if the lender obtained a judgement, then you may want to hire an attorney to inform you about choices available in your state.... more
If you sell the home the realestate agent gets the real estate commision because of your contract. However, if the property goes to foreclosure sale, you will no longer be the owner and the agent will not get a commision. The bank will list it with a different agent or someone else might puchase the property at the foreclosure sale. Your agent will not be the procuring cause and there is no contact, so there will be no commision paid.
First Weber Group
Certified Distressed Property Expert