Updated about 8 years ago on . Most recent reply
Looking for some basic info on foreclosure listings.
Hello, I've been searching in my area on propertyshark.com (does anyone recommend this site?)
One listing has the following information: (I didn't include date of auction)
-1,488 SF 2 story building. $22,856 assessed value. Lien is $619,893.
Based on this information, how does and investor know if this is a good deal or not?
Does the investor have to buy the property for the lien amount? What does the assessed value mean and how does that effect the investor?