If you live there and are not under contract...well, I don't understand what you would be doing there!!
You may be able to live there longer for free or for whatever you & the owner agree upon, if the owner is upside down, the owner may want to seriously consider doing a short sale.
I can help with that. I have a 100% success rate closing short sales in CA that I can prove to the owner In Writing. Very few agents have the track record to do that.
Please shoot me an email directly or call me, I don't look back on this same Trulia posting for answers after mine. I hope you contact me or else it could be Bank of XYZ knocking on the door saying "you need to move out now because we own the property"
Emily S. Knell
Realtor Since 1996
Realty ONE Group