Yes...there is hope! I am not sure what the market is like in your area but I am sure that like many other cities...your market has changed dramatically. I am going to suggest interviewing an agent that is an expert in "Short Sales" called a "Distressed Property Expert or CDPE"...you may not be in a pre-foreclosure situtation but you have been forced to relocate. Since there are other property home owners around you that may be in a pre-foreclosure status...an agent that specializes in this market can help you understand the specific considerations and detail associated with distressed deals. Better yet...if you are upside down then they have the expertise to help you get your home sold and/or explain your options with the bank ie: reinstatement, forebearance or repayment plan, mortgage modification, rent the property, deed in lieu of foreclosure, bankruptcy, refinance, sell the property, or short sale. The options for you are many! If I can assist you in finding an agent in your area please feel free to contact me...!