Find the best financial services for you at: SMARTFINANCESOLUTIONS.NET - Why should someone do a short sale if the house was surrendered in bankruptcy? - A bankruptcy gives your protection from the creditors. If your intentions are to vacate the house you have two options.
Short Sale- Sell your home for less than you owe. This option will allow you to minimize your late payments and start the recovery process sooner. Since you have already filed Bankruptcy make sure the short sale letters contain verbiage satisfying the lien. If not you could lose the protection you had in BK. If the verbiage isn't worded to your liking then you would only have the foreclosure option left. I would definitely try the Short Sale option first.
Foreclose- This option will take quite a bit longer. You will have to wait to start your credit recovery process. It could months if not a year for the bank to take the property back. Banks are overloaded and are really bogged down with all of the foreclosures. -