Chances are this home won't be sold to anyone anytime soon. Bankruptcy all be ends any transfer of ownership as the court must approve this. If you want to pursue it further, contact the owners directly and ask if they want to sell. If you get a "yes" get an agent or attorney involved to prepare your paperwork, market analysis and then be prepared to wait for court approval. Chances are that the home may be "underwater" meaning the owner owes more than it's worth. Now you've added to your complexity multi-fold. Not only must you get the courts permission, you need to get the banks permission. This process can be 6 months to a year or more.
You may be better off finding another home.... more
You are not far from having a credit score that will allow you to purchase a home. you should contact a lender and let them guide you through the process to get you in the position to purchase a home.... more
There are definitely pros and cons to each side. I have effectively lease optioned and sold homes on contract for my clients. It really depends on your goals and circumstances. You can call me for a consultation at no cost! #502 681 3728... more