Q&A: What percent of fair market value is paid on an auction foreclosure?fair market value

by eyewash
Question for fair market value by The Jeffrey: What percent of fair market value is paid on an auction foreclosure?
I'm trying to get a rough idea of how much of a discount there is to fair market value for a public foreclosure auction. I know there is a lot of variables, but just looking for a rough range. 60-80%?

If it helps, I have a house in mind, it zillow's at 300k, is in a nice neighborhood, haven't seen other local foreclosures, the central air needs to be replaced, but otherwise appears to be in good condition.


Best answer:
Answer by General CusterAbout 70% of the lower of FMV or Debt.

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