Hello Rachel, it is possible to have your friend to purchase the property but you will have to check the your bank and/or read the documents (fine print) from the bank "carefully" to see if they prohibit you from purchasing your house back in the near future. As for the bankruptcy, you should be able to purchase a house in about 2 years after the bankruptcy has been discharged for the 2 years and you have obtain and keep good credit doing that time. I hope I have answered your question and I wish you much success. If you have any other questions about mortgages, I would be happy to put you in touch with a mortgage specialist in my office. Please give me a call at 804-270-1600. Thanks Angelique.