If I were you, I will aslo look for new deal.

With this CDO, SIV mess, bank may not find the deed for a while.

So do not hang on one tree, look for new deal instead or find a place that you and rent for short term.

Heard the story about foreclosure in FL? Bank can not execute the foreclosure because they can not find the deed. The owner lives there for free for a couple of years.

So prepared to have a longer wait.