Asked by Homehunter, Brooklyn, NY • Sun Jan 4, 2009
I'm wondering when HUD lists an as is value that is higher than the price of the property, does this mean that you can borrow the difference to use to fix any issues? Or why are the two numbers different? Is the As-Is Value similar to an appraisal value? Is the implication that the property is priced beneath market value. Hope these aren't too elementary. Thanks much!
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