A US bankruptcy judge has been asked to allow an auction to take place for the home of former Anglo Irish Bank chief executive David Drumm.

Mr Drumm is awaiting a bankruptcy trial early next year and the court trustee is liquidating his assets.

The trustee put the house in Abington in Malahide, Dublin on the market just before summer.

There were few takers initially, but the trustee filed a motion to sell the house to an Irish couple for €1.36m.

However, another couple has come forward with an offer of just over €1.4m in the last few days.

Both parties have put up a deposit of just over €100,000.

The bankruptcy trustee's job is to secure the most money for the estate, which will then be distributed to the creditors - in this case Anglo Irish Bank successor Irish Bank Resolution Corporation.

Mr Drumm's wife, Lorraine, is entitled to half the proceeds from the sale.

The trustee has asked the court to allow a telephone auction involving the two bidders.

That is now before the judge, who is likely to make a decision in the next few days.