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auction percentage

Posted by Camille Calenda on January 07, 2004 at 12:42 AM

Hi Ward!

Happy New Year! Hope your holidays were good. My question is...what percentage of the LTV are you finding that banks get at auction if the property gets sold. Do they typically recover 80% of the value or is 80% of what is owed? I just need a rule of thumb.

Thank you!!
Camille :)


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