You need good help.
Please call Mike Rowland at Windermere Rowland Realty, 400 Appian Way, El Sobrante.
510-222-9150 or e-mail at firstname.lastname@example.org
Mike is all aces; integrity and professional. You will like him.
I know the area of Vallejo has been hit hard. I work in the San Diego Area and we have seen a large drop in home prices as well. I would recommend you speak with a lender to see if you can modify your loan. If that is something that they will not do for you, than you might want to consider short selling the home. This helps with the stress of trying to make the payment, and has a less credit impact then a foreclosure. I would find a realtor in the area that is experienced in short sales.
I hope that helps....Good Luck