Company worth millions has a $200k home in foreclosure WTF?

[Justin Hutchins]

I have been searching the county records for foreclosures and came across one with a $37,000 judgement. This estimated market value on the home is $200k..... The more digging I do I find that the home is owned by a subsidiary to a multi million dollar business.

It is also financed through a very small local credit union.

How or why would a company worth millions have a $200k home in foreclosure??

Also why would they have it financed through a credit union when they could write a check for the entire block??

Just curious if there is a strategy I’m not aware of.