If you can't pay your mortgage but want to keep your house, your best option is to apply for bankruptcy. It sounds scary, and it's bad for your credit score, true, but it may be the best option in order to keep your house. I don't know which chapter to file, but you can contact a real estate attorney to work out the details. Also try contacting your lender and let them know your situation and they may be willing to work out some sort of repayment plan that lowers your montly payment. If you really want to go ahead with your plan, technically it's possible and legal as long as everything is disclosed to the lender at the time of origination. The lender must know that you intend to occupy the property and that you will be the one making the mortgage payments, in which case the lender will probably not make the loan. But it's worth a shot if that's what you really want to do. Just remember that having them buy the home without disclosing your occupancy and repayment intentions is considered fraudulent and will get you in a lot of trouble.