Need help with my under water mortgage

[Johnny Tsu]

I "invested" a single family house back in 2005 in Norwich CT for 130,000 with 1% down. 5.25% interest rate. Monthly mortgage payment now is $1150 includes insurance and property tax. Rental income $900. Until today I still owe bank more than $100,000 And the house's market value now is $90,000-$95,000. Plus I'm still bleeding $250 every month. Any advice of what should I do with the property? Or anything I can do to lower my mortgage payment so I can at least stop paying $250 every month? Thanx all!!