Potential in Bankruptcy deal

[Scott Sampson]

I looked for posts on this in the forums and didn't come across any (might not have been typing in the right search words). I was leaving a nice neighborhood with a friend that just moved there recently. Their in-laws just had a house built as well - it was completed back in June. They told me that this builder recently went bankrupt after their in-laws luckily had their house finished. But this builder has two specs 85% complete but obviously sitting there since he's gone bankrupt. Apparently there's a house or two where buyers paid him for their house and he had to stop in the middle of their build as he went bankrupt. I found the lender from a different state by searching lawsuits and matched the one with this builder and their company. I'm guessing this lender has these two 85% completed specs on their books right now. 

My initial thought was looking into the best approach (if any) with this lender to get one of these two specs at a discount which would get one of them off their books. I have two rentals currently. My first thought would be to see if I can land one of these specs, have one of my contractors finish the last 15%, move in this myself, and then list my current primary as a rental property. 

Thoughts on the best way to approach this situation with lender? And is there any angle I'm not considering that would make this an unreasonable idea to pursue?