There are a lot of real estate paper holders who want to tear down abandoned properties so the market values on the remaining properties are kept artificially high.
It’s a paper game. The real value is not directly attached to the real property.
That’s why they are only advertizing or selling about 1/10th of the properties with Notice of Default.
Your full of it. Nobody wants to tear down a functional piece of property unless they see a better opportunity. Investors are taking huge risks on marginal foreclosure properties. They aren't going to buy a piece of property to just tear it down...