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So the question is: what knowledge will you gain by obtaining an appraisal? First, talk to the appraiser and explain the situation. Normally what is done is called a sales appraisal, and is similar to the appraisal the bank will order. It covers the actual exposure that is typical for your house to sell in a 30 day period a 60 day period or a 90 day period, and what the opinion of the selling price will be at each of those time periods. Also, you will get an idea of what else is for sale and what is pending in your neighborhood.
Now you are at a point to make some decisions based on the amount due to your lender. In the best situation you will have lots of equity and your lender will let you know whether they will work with you or if you need to sell fast. The appraisal gives you an idea of what is happening in the market and what it will take to sell your house before it goes to the county steps for auction.
The second position is that you are what is termed "upside down" on your house. In other words, you owe more than the house is worth. Banks do not like to take losses, so call them and see if there is a way to work out a repayment. Much of this is dependant on what the situation is regarding the reason for the foreclosure. There may also be a legal remedy to the foreclosure and an attorney should be consulted.
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