What happens if I stop paying for a life estate property I own?

I own an apartment where there is an agreement with the life tenant who is currently living there. I cannot afford it anymore and asked if we could sell it and let me pay rent somewhere else with the proceeds. The life tenant said no and sued me to get a judgement forcing me to pay for it. I still cannot afford it. I understand the property will go into foreclosure. The amount owed on it is low, it will be easy for the bank to recoup their loan.