There has been a slow upward curve in the marketplace which is very encouraging to owners. Have you considered contacting a realtor to do a Short Sale for you or ask your lender for a deed in lieu of foreclosure?
Many owners have been very successful working with NACA to reduce the amount of their mortgages, interest rates and monthly payments. Simply log on to http://www.naca.com and check out your options.
Good luck and as we all are- hope for the best!!!
First Weber Group
Certified Distressed Property Expert