You have, really, two issues - your home won't sell, and to mention a deed in lieu sounds like you've spoken with your lender about the house and loan.
The deed in lieu is a possible option when talking with a lender about a short sale or other method of returning the home to the bank or selling it short of what is owed on the loan. However your lender must be willing to accept a "deed in lieu" which is in essence a "deed in lieu of foreclosure." This is not legal advice of course since I am not an attorney but we are trained in Ohio to know what the deed in lieu stands for and what it means. If you are attempting to sell your home on your own, you're at a bit of a disadvantage because of fewer people being aware of the fact that your home is for sale. If you have an agent you are working with, you need to let your agent know you are considering deed in lieu because there are specific steps to this process that your agent will know about or can ask their broker about.
If I can help answer questions further (if you're not already working with an agent), please let me know at 937-623-9441 or firstname.lastname@example.org. Have a good evening, Gina
It's a foreclosure that you don't fight. You just offer the deed to the lender so they don't go through the full foreclosure filing. The impact on your credit is the same, but it starts the clock ticking to recovery sooner.
If you are not finding a buyer start dropping the price regularly. If you owe more than it's worth, do a short sale. Short sales are generally less damaging to your credit and you can continue to live in the house while it's on the market.