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How to get rid of house?

My boyfriend desperately needs to get rid of his house. We're expecting a baby in November, and I recently bought a house under my name. His house is in terrible condition (not suitable for a baby), and he doesn't have the time/money to repair the house to get it into sellable condition. He currently owes more than it's worth and has a 9.4% interest rate. We honestly don't know what to do, we live in Indiana, so if he foreclosed the bank could take deficiency judgment against him. Does anyone have any advice on how to get rid of a house??