You are 100% correct and the reason is pure supply-and-demand. 

This is purely a matter of conforming to someone’s belief.

Based purely on numbers, these were not good investments.

I would suggest you to get your license just for the pure benefit of having it.

@Gary Kinder That decision is purely up to the foreclosing lender.  

Yes, we’ve been contemplating the pure sell option.The alternative we’ve been discussions is to rent this out short term (1-2 years) while we purchase another 1-2 properties in the area as we potentially move into the original propertyYou’re absolutely right that we should leave emotions out of it, I just fear the future cost of acquisition will go up as neither my wife nor I are big into flipping

Purely from a most profit perspective, if you think you can do this again, you should sell. 

If the buyer has a legit ore approval, and also provides a POF well covering their down payment and closing costs....they’re both fairly equal.The “% of their loan balance” is an irrelevant issue.....some are 10% under water, others 200%.....the bank is purely looking for something close to current value.

It's a loan product, that instead of putting all the capital purely into acquiring a property, this loan rebates some cash back to you.

This will be a pure profit machine to as much as we can make it.