The foreclosure amount is usually in the amount of the loan. If the loan amount was $100,000 and the fair market value of the home is $300,000, they will list it for $300,000.
The two valuse are rarely related. The may only be related if the loan amount was $300,000 and the fair market value of the home is $300,000.
Let us know if you have any further questions.
Mark and Kari Shea
San Diego Real Estate Experts
Foreclosure, Short Sale & Investment Specialists,
Development Opportunities & Traditional Real Estate