Buying in bankruptcy

[Marco Petit]

Hi guys! There's a sellerI met about a month ago who wanted to sell me his house. I didn't know he was in foreclosure. We executed a terms contract and after the fact, I learned there was a final judgement against him for last November and now he is in bankruptcy. I did come out of pocket to give him a decent down payment prior to knowing about his situation.

Now, what can I do to get this house bought? Is it possible to buy on terms or would it have to be a cash purchase? What should I do next?

House is 3/2/1 in a GREAT neighborhood ARV: $230k It's under contract for $195k needs maybe $10k in work.