That site may use it to assess risk, I don't know, but that would really not be accurate as the discount from the par value does not effect risk, it effects the amount at risk, but not any risk assumed.

I was told that if someone owes $400,000 and the bank forecloses now and it is only worth $200,000 that the condo association lien for past dues and special assessments will not be paid by the bank.

I am buying the property for 45k and it is assessed at 110k I also have recentComps to prove it my question is they said it needs toGo by the 2006 values and not this year?

Jon is right in his assessment.

The application of funds from any option will be assessed as described above from a LTV standpoint.

I have setup in our budget a "minimum" and "everything" column and we will assess the best option as we go along.

I do everything else we need done, and it goes into underwriting and to risk assessment.

Seller shall pay all delinquent taxes and assessments that may hereafter become due on property at closing.It becomes part of the closing instructions so there's no need for another document or a check.

I had my home and 2 rehab/rentals when a special assessment came my way.

I am located in Florida & I have had so many issues with HOA attorney fees on past due assessments on properties that we purchase at Foreclosure Auction Sales.