It's a better option than just fighting to try and keep the property that is upside down and they can't really afford the current mortgage...  

Its hard to fight when you cant stand.

I could walk to another bank but this bank I have a good relationship with and he is will to fight the appraisal.  

No rules in a knife fight..

There is another who is fighting it out with the city in court Check the Dallas morning news.

As far as lease options and such, I'll attempt that if a flip isn't possible and it'll be my last desperate fight for the life-raft...but only if it makes sense, of course.

LOTS ... and if a foreclosure is forced it'll cost thousands and can take years to fight out.

If it's a door handle, you'll want to add a wall protector where the handle hits the wall.The spindle is most likely your responsibility to fix, probably shouldn't be, but unless your tenants admit to causing the damage you're in for a bit of a fight if you want them to pay while they're living there and didn't ask for any repairs.

So I keep on fighting..

Put up a stiff fight knock fear down.