[CLBS] homestead proceeds

[Catherine Dullea]

I have a client who is going to sell his home, will have $100,000 in net
proceeds, and has found a home he'd like to buy.  The asking price is
$100,000, but it needs $20,000 in work.  Client would like to buy the house
and have $20,000 held back at closing to be used for the needed repairs.  So
long as the closing is held, repairs are made and the $20,000 is disbursed
to Sellers within a year, do you think that a Trustee or creditor could
assail the $20,000?