If I can't refi, can bank fore-close on me?

[Diane G.]

I have a tricky situation here...I have a TIC property in San Francisco that is currently valued at $1.5M ish.. Still have a mortgage of $310K... It is on 10 year ARM that is coming to terms around 7/17...

If I can't get refi (no lender for TIC rental anymore), and can't pay off the balance of $310K, can bank (Stanford Credit Union) fore-close on me?

I reached out the bank once, and they told me they can extend the term by 3 months for me... Of course, that does not really help at all...

Thoughts? Ideas?