deed in lieu with bank of america

I've really gotten hit lately financially: divorce, patent lawsuit, business partner embezzlement, and more. I've considered bankruptcy, but my situation is rather complex even for that. Bottom line regarding the mortgage: The house is in Milwaukee, Wisconsin and was jointly owned by my ex and I for many years. I got sole ownership of the house upon the divorce. Initially I lived there, but since I became in a bind financially, a few months ago I moved out and let my ex, his new wife and my 2 college-age daughters move in. My ex, in affect, paid me rent payments for the amount of the mortgage, which was a stretch even for him. Having made my last mortgage payment three months ago, I am in default. I moved to Little Rock and am staying with a friend. My ex, his wife and my 2 daughters still live in my house in Milwaukee, although they realize the situation and that they might be forced to move soon. To add to the situation, with the real estate crash and large-ticket repairs needed such as a new roof, it's going to be hard to sell the house for enough to cover my mortgage. The last tax-assessed market value was $224,000, which frankly is high given what I've seen the homes in the area selling for lately. My mortgage is $194,000 and with the repairs needed, it'll be lucky to sell for enough to cover the mortgage IF I could find a buyer. What are my options? In some ways I'd rather get rid of the property as it's an albatross around my neck, but I have family living there. Could I get a deed in lieu of foreclosure with some stipulation to give my family maybe 3 months to move out? Maybe Bank of America might be willing to work something out with my ex, i.e rent, sale, etc.