Your acc will be classified as non-performing loan and transfered to LITIGATION/FORECLOSURE section

1. Foreclosure means auction/lelong.
2. Not sued in the sense that they are claiming the full outstanding loan from you, but foreclosure proceedings will be commenced in the High Court to get an order for sale to auction off your property. They have to send a notice/letter of demand to you first.
3. Of course. It's not too late at the moment.
4. Not sure. See how efficient their lawyer and the Court works. A few months, at the minimum.
5. No. They won't go after you personally as they will auction off the property first. If the proceeds from the sale is enough to cover the outstanding amount, then all is good. However, if there is a shortfall, then they have the option to file a civil suit for recovery of the balance sum due and owing. If the sum (plus costs and interest) is RM30K and above, and if they obtain judgment (which they always would as it is a clear debt) - they can then enforce the judgment by way of bankruptcy proceedings.
6. Of course.
7. No.
8. Just put it up for sale as normal. But you might want to do it fast before they instruct their lawyer to commence legal proceedings. Even if you manage to execute the SPA with a buyer, you can forward it to the bank and tell them that you're putting it up for sale and tell them to instruct their lawyer to hold their horses. Once the purchaser obtains a loan, the redemption statement from your bank to the purchaser's bank will reflect all the outstanding sum to be paid to settle your loan. But you need to act fast. If foreclosure proceedings have commenced you can't keep that info away from any prospective purchasers as it is misrepresentation, and they can elect to rescind (cancel) the SPA.

It would be prudent to call the Bank and try to make some part-payment to them to buy time. If you miss the boat by three months, try to at least pay 1 month. This can delay the enforcement on their side (Assuming that the minimum sum due and owing to trigger foreclosure is 3 months' repayment). Can you get what I'm saying?

Once foreclosure proceedings have commenced all legal fees will be passed on to you to pay - so you'll end up paying much more than the missed repayments so far.

Good luck