Our estimated values are determined using public records describing the property and comparing it to similar, nearby sales. Like a Zillow Zestimate, it is just an estimate of value and should be verified.

Loan amount is an important part of the selling price equation in foreclosures as the lenders primary goal is to recover that amount. How exactly it affect price depends a lot on the foreclosure stage. During preforeclosure you either have to pay off all loans, or convince the lender to approve a short sale. At foreclosure auction the debt is commonly discounted by the lender in the hopes of a quick sale. Once the property is bank owned it becomes less important, except for the fact the lender would love to recover the full amount they were owed.