I lost my job and I am filing Chapter 7 bankruptcy.I owe moreon my home than it is worth. If I wait for it to go to Sheriff Sale and have cash in hand to bid and buy, is that possible. Will the bank go for what the home is worth or what is owed on the mortgage? Or would it be better to speak to the mortgage company before hand and try to settle and pay them cash? ThanksJanuary 29 2011 - Woodbury00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.