Is There A Deal Here?

[Steven Pagliocca]

I own a house that I have not paid on for 8 years. I forfeited the property in bankruptcy six years ago, but the bank refuses to foreclose, so the house is still in my name. The original note was interest only for 196k. The house is in disrepair and has black mold. It is a 4/2.5, 2,500+ sf with a 1/1 guest house on 1ac in a desirable area of Jacksonville, FL and has an ARV of 260+.

My gut tells me that there is a deal here, but I don't know how to capitalize on it. Looking for advice and suggestions.