Best of luck,
There are options such like a short sale or deed in lieu that will have less impact on your credit if you're not going to be able to keep your home.
You should contact your lender and explain your situation. They are becoming more proactive in addressing these problems.
These are most difficult times and many people are finding themselves in your situation. Allowing your property to be foreclosed on should be your last consideration.
Our recommendation is to begin by contacting you bank to explain your personal situation. They should be able to provide you with information.
The Eckler team