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re: High rise office building in Fort Worth sells at foreclosure auction for $12.3 Million
Posted on 5/10/24 at 2:40 pm to TigerB8
Posted on 5/10/24 at 2:40 pm to TigerB8
It's not a market sale if the lender is the entity that buys it back. Their is a lot that goes into that consideration such as the lines and debt a buyer would assume had the purchase the building. With the lender purchasing the property it wipes out almost all private liens and debts so it can now be sold at true market value.
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