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Valuation Issues & Answers - Foreclosures & Short Sales as Comps

February 17th, 2009 · 6 Comments

Editor’s Note: In this installment of his column, Valuation Issues and Answers, John Lifflander, ASA, explains how to handle foreclosures and short sales when choosing comparables.
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By John Lifflander, ASA
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Question: Please explain the difference between an actual foreclosure sale and a short sale. Should short sales be used as comparables? – M.S.
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Answer: A true [...]

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