Unfortunately, when someone is backed into a corner, its very difficult to stay composed and not blow up!Best to have a third party call your lender for you, they have nothing to gain and nothing to lose. This is one of the most rewarding aspects of my job right now!
Either have an attorney, a realtor, mortgage broker, a family member or friend (calm & relaxed) fax over a third party authorization and usually within 3 days, thay can make the call. The longer you have owned your home, the better your chances are of the lender making an arrangement for keeping your home that will satisfy you. Be reasonable and believe they are there for you. You will most likely need to make a good faith payment, one full or a partial and be very careful of what you promise!! Once you have the foreclosure lifted and you are working on your arrangements, if you were already scheduled for sheriff sale, they can reschedule it immediately.
Right now, most banks are adjusted to what has happened to this housing market and are more flexible in the terms because they want to keep as many good loans as possble. They do not want your home in foreclosure, they do not want you to file bankruptcy.