New Hanover County refuses to buy from Swain. Swain allows the contract to lapse and does not purchase property.
New Hanover County then purchases property at a much reduced price from the original owner.
OR, waits for the bank to foreclose and then purchases it at an even greater discount.
Probably won't work; reduces the opportunity for realtor profits. And so far, Mr. Barfield has not spoken on whether he or his Real Estate firm are involved in this quagmire.
Any smart politician would walk away from this decision making process faster than Brer Rabbit ran from the Tar Baby.
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