Bob MaleckiPoster
#3 Tax Liens & Mortgage Notes Contributor
#3 Tax Liens & Mortgage Notes Contributor
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- Kingston, WA
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Recommended starting bid for Spokane SFR?
Bob MaleckiPoster#3 Tax Liens & Mortgage Notes Contributor
#3 Tax Liens & Mortgage Notes Contributor
- Investor
- Kingston, WA
Our loan on a SFR in Spokane is going to auction next week on 8/16 and we are wrestling with a starting bid that will attract buyers. As I understand it, the market in Spokane is pretty active. The borrow's total debt on the home with all arrearages is around $192,000 which of course is beyond the value of the home. The address is 3917 East Frederick, and AVM shows it at $170K in good condition. It will need repairs so we are thinking of opening bids at $110K. Any recommendations are appreciated.
Bob