2000 Pontiac Grand Am blown engine

HI I have a 2000 grand am that recently blew the engine out I know the car if it was in good condition, is worth about 2500. To replace the motor would cost at least that I asked the tech what he would do and he said he would sell it to a junk yard and he could have them pick it up for me he said that they would probably give me about 250 dollars with a clean title I just want to know if that sounds about right.