re: Question regarding property that is considered wetlands?

2:1 is actually pretty good these days. As for cost, in LA wetland mitigation runs from a low of $10,000 - $15,000 per acre to $40,000 or more per acre...cheap by some state standards. As others have said, the price is set in the marketplace...the more competition in a given watershed, the better. Feel free to negotiate and be sure to get bids from as many banks as possible.