Family friend filed bankruptcy recently. She has been a friend to my family for over 60 years. She lives in a 3 bed 2 bath house built within the past 15 years that is in great shape. She owes around 70k on one mortgage on the house. Zillow says house is worth 105k and that seems to be about right with the comps for her neighborhood (95-125k over the last 6 months).
We offered to purchase her home from her prior to filing bankruptcy but she decided against it (I think it was a pride thing). My question is there anything we can do now that she filed bankruptcy? She has not yet missed a payment, at least not at the time of filing. She is filing due to credit card debt. Do we have to wait for the estate sale/auction? Any suggestions appreciated.
Thanks in advance,
Rechtien