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My understanding is that when an asset is part of a Bankruptcy, it's disposition is subject to court approval. But the property may not be part of a bankrupcy. The problem may have been settled through other means, perhaps through a settlement with a lien holder. However, once the property becomes available for sale, an experienced Real Estate agent can act in your behalf. Maybe the property can be purchased now?
In my opinion the best way to buy this property is find an experienced Real Estate agent to track the dispostion of the property and present your offer when and if the time comes. This process could take months and require third party approval.
Wed Jul 22 2009, 13:36