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aboveonlyandneverbeneath

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can filing for bankruptcy stop bank of america from short selling or foreclosing on our home and allow us to keep our home? if so which bankruptcy do we file?

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It may stop the foreclosure, but only while your are in the bankruptcy.  Doesn't matter which type you file, you still have to pay the mortgage either through the Bankruptcy Trustee or on your own.  Once your bankruptcy is dismissed or discharged you're still going to owe the mortgage payments, including the past due payments, so you'll still lose the house; just not as quickly.  Plus you'll have ruined your credit with bankruptcy for 10 years, whereas a foreclosure or short sale is only 7 years.  Don't be deluded into believing that filing bankruptcy allows you to have the house totally free, it just doesn't happen (I work for a mortgage company).

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