You present a difficult situation. There are a few alternatives. I assume that you have inherited the property as a result of your mother's death. If other factors are appropriate, you could file a chapter 13 bankruptcy and use that as a means to cure the mortgage arrears. You do not indicate whether you plan on moving into the property or plan on selling it or using it as a rental property. Those are critical issues. the value of the home and the mortgage balance are also critical. You might also consider hiring counsel and litigating the foreclosure as a means of obtaining a settlement with the mortgage company. Of course you also would appear to have many civil claims against these persons who defrauded you. And, you could try and file criminal charges, although that does not appear to be too viable at this time.
Answered on Jan 09th, 2013 at 12:28 PM