Posted by TheShortSalePro on March 06, 2002 at 14:11:22:
An “after repaired value” is predicated on an unknown. To effectuate repairs could require $100 or $10,000. Who knows? It only matters to the potential investor/speculator/purchaser.
With respect to a short sale, the only # that really matters to the mortgagee is the property’s confirmed as-is, fair market value.