Real estate, does banks sell the reo property for what was owed on it or what its worth after appraisel?

Question by Aintitthetruth: Real estate, does banks sell the reo property for what was owed on it or what its worth after appraisel? i dont understand why I see houses that are worth 100 000 or so selling for 10 000 or less. It makes no sense. Best answer: Answer by SmicklesNeither…. just as much [...]

Is it worth fixing?

Question by baby F.: Is it worth fixing? I want to sell my condo in California. There are some unique aspects of the place, but with the falling house prices in the area, I was wondering if I should even bother to do any “remodeling” to bump up the value. Also, does anyone know much [...]