trying to buy House In Bankruptcy

[Jake Langley]

I am attempting to buy a house from an owner who is in Bankruptcy. It is a rental property and it is in disrepair, the tenants have not paid for over a year and the owners are $14k in arrears. I talked to the seller today and he is sending my offer to the Trustee. I understand we may need get a motion to sell from the judge. my first offer is to have the seller put the property in a land trust and assign the benificial interest to my LLC, and pay them a fee for this as well as take over the underlying loan, pay the arrears and get the loan reinstated. My second option is to pay cash for the property at the payoff price of $96K. Do you think a Judge would agree to this?? any advice would help