I got an email from a couple two weeks ago in a similar situation, yet the husband has been disabled for 40+ years with a congnitive disorder and his 65 year old bride is still working. They've owned their current home for 12 years and got talked into a crappy loan just over a year ago. They too, can owe more, but there is what is called a "short sale" where the lender accpets less than what is owed on the property. They simply need to talk to a local Realtor who can give them an idea on what the property would sell for, then help them negotiate a settlement with the current lender when a buyer makes an offer.