So at this point I am very much underwater with my mortgage. Me and my husband have both had salary cuts that have made it nearly impossible to barely make ends meet. We've tried to refinance, get a loan modification, and have been denied for everything. We've tried selling our house, a short sale, and it never went through.
Right now me and my husband are pretty much the worst that it can get out there, and are faced with the only options of dealing with foreclosure or filing bankruptcy unless we do something about it. Our son has offered to pay our mortgage payments for us, is that at all possible, are we aloud to do that. And if so how do he, my husband and I file it on taxes?