But at that point it's fair game. The banks already lost on it. They can make more money elsewhere. Even if the real value is a little higher than the 89, I still don't see a scenario where they are likely to come out ahead on it. Why go deeper into a fixer upper/tear it downer in the middle of a field somewhere?
I know. its a mess in my opinion. im more afraid the county will find something to use good old eminent domain on with it, even though its in the middle of no where