Insolvent Estate New Jersey

[Leonardo A Afanador]

Hi we have a lead on a property in New Jersey where there is a second mortgage and the estate has been declared insolvent. The executor told us the bank is taking over the home due to the mortgage exceeding what the house is worth. This is due to happen in July. Is there anything that can be done besides letting the bank take over the house and try to buy it as an REO? Any info is appreciated.