ok, just for the heck of it...

来源: jy101 于 2012-05-16 22:05:58 [] [博客] [旧帖] [给我悄悄话] 阅读数 : (544 bytes)

valuation method.

1. CAP =750k
2. Income=649k
3. replacement=600k
4, Comp=400k

avg =599k, now depends on location, it can varies +-15%.

on 70LTV, your loan be about 419k

now, that report will list all the repairs require to bring to current code, along with an estimate, I am pretty sure the bank with withhold that portion in escrow, till all repairs are done.

so you have to think about its worth it or not. I know cost of repair be done for about 65% of the estimate, unless something needs professional certificates.


所有跟帖： 

• I guess I can start to update -sweetptt- ♂ 给 sweetptt 发送悄悄话 sweetptt 的博客首页 (139 bytes) () 05/16/2012 postreply 22:26:25

• is current loan thru bank or seller finance? -jy101- ♂ 给 jy101 发送悄悄话 jy101 的博客首页 (91 bytes) () 05/16/2012 postreply 22:33:54

• seller provided 84K, wrapping a bank note of 200K. -sweetptt- ♂ 给 sweetptt 发送悄悄话 sweetptt 的博客首页 (0 bytes) () 05/16/2012 postreply 22:38:09

• lucky you.. -jy101- ♂ 给 jy101 发送悄悄话 jy101 的博客首页 (80 bytes) () 05/16/2012 postreply 22:40:33

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