I am just a former entry level loan originator that got a taste of the real estate business about 2 years ago. At this time my father in law owns a home that he no longer lives in since he has fallen on hard times. He has filled chapter 7 BK and the home is practically sitting and going to waste. I figured that there has to be a way for me to come in and make a deal out of this.

My question is, what type of information do I need to gather before I attempt to negotiate a lower settlement amount for this property?

Any help would be greatly appreciated.
Leon