The owners only wanted $18,000.
Thorne should have thanked GOD that was all they wanted. They should have had a blank check up to twice the retail value of the home.
Now, as the OP said, the owners will probably end up with a judgement that makes them the new bank owners.
And, as implied also, rather than fire him they should keep him around and torture him for the rest of his career until he quits (which would mean he doesn’t get unemployment).
What kind of business will this bank possible have, now, with all this bad PR?
Wow, what stupidity!
But banks are among the worst property managers on Earth, in almost all foreclosure cases.
Had a neighbor a few years ago get foreclosed. I came up with 3 different buyers, who offered what I thought was a fair price. The Bank would not accept a “short sale”.
The house just sold for considerably less than what was offered 3 years ago, by my friends.