This will vary based on the owners specific situation and tax regulations in your area.

If I am understanding the situation, you took at a 12 month loan and it is now due and the lender is foreclosing (I do not understand the six month comment).Here is the reality, getting a lawyer and spending $ to delay a foreclosure is only going to cost you more $ as the lender will also have legal costs that get added to the loan and you will have legal costs.Your options are refinance or file bankruptcy.

You are in a great situation.

However there will always be props that go through the full process that will never change.Very much agree on the FLA condo situation very scary for owners and debt holders I have to think.

This property had multiple units in a neighborhood i believe is going through gentrification soon.

However, the process may be more complex due to the involvement of multiple entities.

Welcome @Staci Hill-  I’m with eXp Realty which is a great fit as an investor who likes to work independently and work across multiple geographic areas.  

@Vernon HuffmanNot a bad situation to be in.

Depending on your situation, you might not need to wait 2-years on your current job though. 

However, it's important to carefully evaluate your financial situation and future plans before making such a significant decision.