Purchasing home in receivership. My rights?
Hi! I am currently attempting to purchase a home in receivership. Although I am ready to agree to the counter offer that was made and "sign on the dotted line", unfortuneatly, I am told that our offer will not be presented to the judge until a certain date (april 4) along with another buyers offer. I am unclear on what "receivership" means (im a first time home buyer!) as well as what rights I have... The counter offer that was made to me stipulated that the mineral rights would be retained by owner. I am wondering if the owner even has legal rights to the minerals seeing that the home is under receivership anyway? I was under the assumption that when the home went under control of the courts, that the owner gave up all rights to the property. This home is on over 10 acres of land in a very hot natural gas drilling area... Thank you in advance for your response or any advice!