I think Bonnie is making a massive mistake by threatening them with a signed lease.
I imagine he's eyeing property value, and to be fair, there's a nice chunk of change in selling, even on the lower end of estimates. HOWEVER, the status quo is not only easier but requires nothing out of pocket (from him) and doesn't require the complications and hassle of selling a house in the first place. This isn't even including the aspects of the 2 others on the mortgage.
This is the scenario I see playing out:
I expect the remaining Tranchers to just bail if Bonnie puts out a contract, after the maximum amount of time before eviction, of course. Oh, and he'll have to deal with the hassle of evicting people.
So after they bail, then momma Nelson, Sky, and Bonnie must come to some form of agreement on selling, which I assume Bonnie will make that process as complicated as possible.
After that, then is the fun process of finding a real estate agent that will sell the house. That’s the easy part. The hard part is that the agent is going to want many of the issues fixed, replaced, renovated, etc. (I don’t even know how they handle the arid wasteland in this aspect?) Either way, that cost $$$$$. Obviously, they don’t HAVE to do improvements, but it obviously makes the property desirable to potential buyers.
It looks like the time it was listed previously ranged from 2-3 years. (Not 100% on this but looks that way) There’s no way they can afford no tenants for 2-3 years, much less 2-3 months. Either way, that’s money Bonnie and Sky don’t have, so hopefully, Mama Nelson has it covered.
Obviously, they can’t do any of this since it requires a modicum of effort. So the most likely course of action is the DSP route and ignore the mortgage until the bank takes them to court. He “could” find new tenants and continue renting out, but many of the same issues apply that he simply doesn’t have to deal with the current tranny tenants.
End Result, either status quo and hopefully build more equity with little to no effort OR bank is gonna take it back because of missed payments.