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One among thousands

Home in FL:

 

Was originally appraised at $2.6 million pre-construction pending completion.

 

Currently in foreclosure. Multiple Liens. 97% complete.

 

Current broker suggested-opinion of value: $1.8 million.

 

Loss of value: $800,000 – $38,000 (3% of uncompleted hard cost items) = $762,000

 

TOTAL LOSS (assuming BPO value is accurate): $762,000 [29.3%]

 

 

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