forclosed property

verify lang po, 2nd owner kami ng house then binili namin yung rights ng house and yet naka-mortgage pala yun sa bahay financial services. as for them, nung nagpadala sila ng notice sa old owner (orig borrower) and sa min, xempre po we want to continue what is started but then sabe po ng bfs eh wait namen ang forclosure. so then this year it was been forclosed. we received the letter. and yet were given 1year to redeem it. pinapa-cash na po samin ang house worth php400k. well, san naman tayo magnakaw dibah? kame na raw po yung assumer sabe nila. and kame yung primary client to purchased it. yaw nila ng per month basis eh yun lang po kaya namin as of this time. permanent po job ko and my brother so kahit pano pwedng pagtulungan. kaso nga lang sang kamay ng dios naman kame pwedeng kumuha. nagcheck kame sa bank but not the full amount maari nilang ipahiram at tinaningan na lang kame gang june 2011. anu po ba ang pwedeng gawin? location is in bagumbong caloocan city, tierra nova subd and yet lahat ng house dito halos pare-pareho ang kaso. nag-check din ako sa ibang same ang case and yet same scenario, forced to cash. hirap ng pera ngayon sa everyday living na lang how much more yung ganun kalaki pa?