If it is an estate sale that needs to be "signed" by the court, I would think that the unit is being sold by the family to assist with nursing home or some other care for the owner and that the court simply has to approve the sale. The court will send out their own appraiser to check the value and will probably only accept an offer close to or at the appraised value - depending on how long it stays on the market. With respect to a lending institution's willingness to approve a loan, much will depend on the institution's individual requirements for both your income/debt ratio and the condition of the home. More than likely, the fact that it is a court-approved sale will have little impact on the sale. If I can assist you further, please contact me.
Century 21 Princeton Properties