I have closed 3 different units which were in different stages of the BK. 1.) The obvious is that you have to have the approval of the trustee. 2.) you need to make sure the attorney for your client sees value in this, otherwise he will talk his client out of it 3.) It is likely that the trustee will need to see the settlement statement to make a decision. It is possible that the trustee will even approve of a relocation assistance, but it is also possible that he will require on the payment of outstanding debt if it is a repayment program. Either way, you just need to have enough time with the buyer and seller cooperating.......it can definitely be done.
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