I filed bankruptcy and surrendered my house - both mortgages were discharged. Because of the backlog of foreclosures in Maryland, I sold the home in a short sale. Am I responsible for federal and state taxes for this sale? I owed $180K on the first mortgage and $47K on the second. The house sold...

OK- I've been discharged about a month ago and surrendered the house. I've been in foreclosure process for 4 months. I've been told by the bank that because the a piped had burst (about 8 months ago - I moved out of state and realtor never notified me) they (the bank) was not going to foreclose. ...

Do I still need to have homeowners insurance on this house, since we surrendered in the BK and no longer are living there?

I surrendered the house in BK, Ch 7, discharged 07/2010.
Stopped paying & house vacant for a year.

Which is better? Do a Deed in Lieu or proceed with the bank's slow foreclosure process?

I called the bank (7 weeks ago) about a Deed in Lieu and they were supposed...