Check with bankruptcy attorney and the Chapter 7 Trustee who is administering your case. That is the only way you will know for sure.
I have been told that if you have no equity in the property, the chances of keeping it are quite high. You will probably have to work out something with the bank who is holding your mortgage, to cure your delinquencies. Otherwise, they will be able to foreclosure once the property is released from the bankrupt estate. If there is equity in the property, then the Chapter 7 Trustee will liquidate the asset to pay off creditors.
The sooner you contact your attorney and the Chapter 7 Trustee the better. Don't delay if you really want to keep the property. Good luck and Dare to Dream.
Shel-lee Davis, QSCÂ®
Certified Distressed Property Expert â€“ CDPEÂ®
Short Sale & Foreclosure Resource â€“ SFRÂ®
Certified HAFA Specialist â€“ CHSÂ®
Your Real Estate Consultant for Life
RE/MAX Palos Verdes Realty