Or would you wait until the building is gone and then grab the lot even cheaper and without the liabilities that come with a condemned building?
Nobody is going to step in to buy Affymax until they're in bankruptcy. Then suitors may come in to scoop up what remains of value for pennies on the dollar. Sorry.
yes, if the lot was worth twice what you pay for it......................
That is the case when there is one buyer. If there are multiple interested parties, it doesn't get to BK.
Bankruptcy court can put the assets up for auction after bankruptcy and multiple parties can bid.