pricing foreclosures

Foreclosures: 50 Cents on the Dollar

Valuing Foreclosures in 3 Easy Steps Based on showing dozens (hundreds?) of foreclosed properties to clients the last year or so, I’ve developed the following, “ball park” formula for pricing them: Step 1: determine their peak value (usually, sometime in mid-2006). Step 2: Subtract 50%. Step 3: Add or subtract 10% for above or below...
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