See what your options are instead of foreclosure. Here is a website that you can find a test in the upper right hand corner to see which government program you are eligible for.
Home Affordable Foreclosure Alternatives (HAFA)
â€¢Is your mortgage currently unaffordable, or will it be in the near future?
â€¢Even with adjusted payment plans?
Home Affordable Modification Program (HAMP)
â€¢Are you struggling to make mortgage payments?
â€¢Could lowered mortgage interest rates possibly make your mortgage affordable?
Home Affordable Refinance Program (HARP)
â€¢Are you making your mortgage payments on time?
â€¢Still trying to refinance your mortgage to a more affordable level?
Second Lien Modification Program (2MP)
â€¢Has your first mortgage been modified under the Home Affordable Modification Program (HAMP)?
â€¢Are you still struggling with payments due to a second lien?... more
If his credit is a disaster you may not be able to use his income to qualify. You may want to consider an fha loan and get a gift of equity from the ameridream program. Here is some additional info on fha;