I have this house that has site conditions which impacted the structure with a large amount of stigma. Structural problems related to "Karst" site conditions (small sink hole). New, this house could sell for more than $266,000, if the site did not have the sink hole .... the house were put on a proper foundation for the slope .... .... with all this stigma .... financing will be almost impossible to get .... .... the house sold on 9/2003 for $122,000 .... .... people went in and did a shoddy remodel job .... needs new roof, foundation crack, CBS wall crack, ceiling crack (fresh), sand bags for water intrusion, .... with so stigma .... how can I figure out an "as is" value? Should it not equal "liquidation value" at this point? Say $80,000 for the land less $20,000 for house removal, say $60,000. -------------------------- If fixed up and property has at least 30 years of remaining physical life - does it have 30 years of economic life for lending purposes? If the fruit business has spoliage - does not real estate also have spoilage? - in terms of financing capability. I see this as spoilage as the property has lost its liquidity to a real estate mortgage .... ... if the improvements can not get a mortgage - then only cash buyers step-in ... ....cash equivalency in this case "liquidation value" .... yes?