Good Morning, Jim!
I would really need more information about your specific situation to give good advice or present some other options to you. If you have already stopped making payments on your home, foreclosure is imminent. I would recommend doing whatever it takes to get into a new job and try to pay the bank back ALL the money owed before they foreclose. A short sale is an option; but it's tough to get the bank to agree to a fair price sometimes. You should speak with your lender specifically about options involving your payments and/or short sale.
It's important to note that it's always an option to try to rent your home out for the most that you can, use that money to make your payments and try to make other living arrangements with a room mate, family member or dorm-style housing in the area where your new job is. I know that this is a tough option, but I know someone who has done this very thing to "ride out" this economy. So far, it's worked for him pretty well. He's renting his home out for $1200 a month and sending that straight to the bank. He took a new job about 2 hours from there and is renting a room from an older couple for $250 per month while working close by. He has said that he will do whatever is needed to keep from foreclosing...empty his savings, live anywhere, take a job anywhere...and he has had to do all of the above to keep his head above water.
Obviously this option may not be an option at all if you have a large family. My number 1 recommendation, regardless of the details of your situation, is to find an absolute top-notch Realtor who is experienced with short sale and foreclosure situations. Let us know if we can help you find one!