Agreed, but that's also why banks turn and burn on foreclosures. I've done enough house hunting to see plenty of $60,000 bank owned shitholes on Realtor.com. Those are great because they tend to emphasize lot value haha.The other thing that might help Chris is that banks don’t like owning houses. While a house might (emphasis on “might”) be an asset to a homeowner (since theoretically the equity increases while they pay off their debt) a bank sees it as a liability that interrupts their revenue stream and requires them to pay property taxes/home repairs/etc.
In a weird way, Chris has to hope that the bank decides 14 BC is going to be too much of a hassle to repossess (i.e. whatever the bank hopes to realize from the sale is less than the costs of repossession and the cost to clean the house and get it ready to sell) which, given the state of 14 BC, isn’t beyond the realm of possibility.
Not to mention that 14 BLC is reportedly very haunted, according to JenkinsJinkies.