My can no longer make our house payment and we are considering giving our house back to the bank, my question is.. is there just as much involved in just giving your house back or just letting it go in to forcloser

First the bank has to want to take it back, they generally don't. And you will still be in the same position as owing the balance on the mortgage.

Have you looked into the programs offered under the stimulus package?

Yes for you to "give " it back the bank has to want it back as noted, and if you can't sell it for the mortgage amount why do you think they can.

So first have you tried to sell it, even a short sale?

But in the end, normally the bank will not just take it, they will foreclose