Hello Sqa. Welcome to the forum. If you want to try and save your home and this is the only property you own, you may want to contact the NACA (neighborhood Assistance Corporation of America). They are a HUD approved, non-profit organization that helps troubled homeowners in their fight for a decent loan modification. Their services are free. They have helped many here in this forum (including myself). The link below will take you to their website and the online submission for their HOME SAVE PROGRAM.
https://www.naca.com/refinance/refinanceTenStep.jsp