This is an unfortunate situation.  I suggest one of two things.  Call one of those companies "I Buy Houses" or other smimilar companies that buy distressed properties and try to sell it for what is owed on the mortgage.  If no one will pay for that, you may not have a choice but to give it back to the bank - which will hurt your credit.  If you know anyone that is a handyman, maybe you can make a deal to have him repair the house at his cost where you can rent it out and give the handyman a percentage ownership of the house and 1/2 of any rental income.  If that is not an option, giving the house back is probably your only choice...