I'd see if you could partner with a realtor to sell to an end buyer as a turnkey custom home you'd develop for them if you can't wholesale it.

Unless your lease or local customs and laws say otherwise.

Then an Automatic Stay goes into effect that stops the foreclosure without a court OK.Depending on which Chapter of Bakruptcy is filed, the mortgage holder has a few options some as set out above.A sale of the property would have to be reviewed by the court as to price and if it is in the best interest of the "estate" (debtor's bankruptcy)What did you mean by "It sounds like the possibility of getting the property goes down the tubes when either of these bankruptcies are filed. "?

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The customer wanted an in-expensive roof repair, they were lower income.

We can set you up with automated searches so that you can review properties that meet your needs.   

The generally accepted truth of sales is that 80% of your deals are after the 7th touch with the customer/seller, or something to that affect.

I personally need someone outside of the property management company to review the decision and family is the first place for me. 

If its granite or some such, it was templated and customized to the space. 

However, it is a very deep lot in an area where houses are being torn down to make way for custom home construction for $1.5-2.5 million dollar homes.