If you hold a mortgage on your house and are forced into foreclosure because you can't make the payments, you lose it all, no matter how much you've paid in equity of principal and interest. There's something very wrong with this system. It's always been a ripoff of mortgagees. Shouldn't the equity you've built up be yours? After all, you've paid for it. From that aspect you would have a bargaining position with your mortgage holder. It's time to force a change in the laws against this private business control.
To solve the current problems of working out lowered payments for mortgagees with their mortgage holders, if the mortgagee has made payments nearly equal to the principal, then the remaining interest owed should be canceled by law and the loan written off by the holder.
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