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What exactly is FV-1 Inc?
While searching through some properties in my focused region, I came across a foreclosed property that was listed for ~$148,000 at the end of last year by Auction.com, but was later bought in Jan 2020 by FV-1 Inc for ~$13,000 (according to county assessments). Quick google searches show this to be a debt collect entity, but I was hoping someone could shed a little more light on this and help explain what exactly FV-1 Inc is.
Is that low purchase number helpful in how much they would be willing to accept....or should I disregard? Currently listed at $110k, so the numbers are all over the place. Only 2 pictures, so it's hard to tell how much rehab at this point, but ARV for this would be ~$150k.
Thanks in advance!