The banks inability to use their own common humanity in the face of regulation and bureaucracy is resulting in their leaving trillions on the table by not dealing with us "little guys."  

Aren't companies just a collection of assets including human capital?

Well, not really sell, but gave them away if you made a donation to habitat for humanity.

Detroit is filled with unskilled uneducated slackers that think free water is a human right.Brightmore is not very nice. 

I believe it is human nature to underestimate costs (especially when it's not the contractors money being spent) and overestimate ARV (especially when looking for a quick sale) however if the numbers make sense to you, I hope you were way under on the ARV :)As to the buyers agent, I was that young agent with the buyers sign on the REO before, and I can tell you nothing gets done by this agent without running it by the listing agent first.

But hey, I was the successful bidder that time and got the property I wanted.If it's a condo, I call the HOA and try to social engineer as much information as humanly possible from them.

That's absurd. 

Maybe they can have the tenants find somewhere to stay until its safe for humans to inhabit the apartment complex again, after the extermination process has taken place.

I am no expert in real estate, but that sounds absurd to me.

I am pretty certain that banks must write-off the entire amount after 5 years, but having something on the books for even 2 years is a bit absurd.