Add Mortgage to bankruptcy??

Question

I decided to file for chapter 7 and the main reason is my house among many other obligations, I can't afford it anymore. I am already 2 months late on my mortgage. The bank wont allowe me to short sale the house. Can I add the mortgage to my bankruptcy and avoid foreclosure? I figure this way I'll have to deal with the bakruptcy record . Some advice please...?

Answer 1

a bankruptcy will not stop a foreclosure.  It may buy you additional time.  Please provide the reason they provided that they will not do a short sale.  Did you submit an offer to them?  Was it too low, did the buyer walk, etc?  Short sales are not priviledges, but they are options most banks are offering to avoid foreclosure.  The bankruptcy will protect you against the bank trying to collect the past due debt, but they ultimately retain a lien and can enforce their rights once the bk is done.

Answer 2

you can and it will show as  a foreclosure inside the BK7 get an atty to get this done