You have few options, if you want to keep your property do not give up, work something with the second lien holder they are open for negotiaton. The only thing is if you would like to reduce the principal you need to be on time on your payments for the last 12 months if not the only modification will be the interest reduction.
Right now is a lot of help for home owners that want to keep the properties, you can also call the HUD and they will help you at no charge. If after looking all the options you do not get the help you need please call me and we can meet and go over your case.
Thanks and have a nice day