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A Forced Liquidation Value Appraisal, also sometimes called an Auction Value Appraisal, is a professional opinion of the estimated probable price expressed in terms of cash in U.S. dollars which could typically be realized at a properly advertised and conducted public auction sale, held under forced sale conditions and under present day economic trends, as of the effective date of the appraisal report. Considerations include:
• Physical condition
• Overall appearance
• Psychological appeal
• Ability of the asset group to draw sufficient prospective buyers to insure competitive offers.
All assets are sold on a piecemeal basis "as-is."
Purchasers are responsible for removal of assets at their own risk and expense.
Any deletions or additions to the total package could change the psychological and/or monetary appeal necessary to gain the price indicated.