I'm renting condo, and my unit is being foreclosed on - options?

[Gregory Robinson]

Hello,

I'm living in a condo, that I am renting that is being foreclosed on.  My landlord hasn't been paying the mortgage.  I don't see an auction date set yet - what are my options?  Would it make sense to contact the bank and see if they will settle with me?  I could buy the place it's probably worth $345, debt is $360k + $20k.   Is there a possibility that the bank would settle for less like $300k? Anyone have any recommendations on how to proceed?