If you have been in the house for 12years it isn't a new home. IF they boot you out the mortgage holders are going to be stuck with an older home in a lousy market.

There is a very good chance if you move out it will remain unoccupied for an extended time and be very subject to deterioration, vandalism and squatters. They could find themselves watching the property plummet in value. Approaching zero if the place goes too far down or burns.

It often makes more sense for the mortgage holder to accept a lesser payment, something the people can afford, just to keep someone in the house and protect their investment.

This may be a good time to renegotiate your payments and rates. While a completely restructured long-term mortgage might serve both sides. But even a temporary respite of six months or a year could also benefit both sides. They could negotiate keeping you in place for six months to a year, protect their investment in hard times, and see if they think they can go for blood in a better market later or with you if your situation turns around.