Forced Liquidation Value
Forced Liquidation Value (FLV) – (lowest range “net” value, usually for a quick and forced sale purposes) is defined as the net price in terms of cash, or other precisely revealed terms, for which the property would change hands if sold immediately, without regard to relevant market place and appropriate use. In certain cases, this may be a negative value as labor and other costs may be required to disassemble and dispose of the property in a quickly and expedient manner. (AAA 2019 Definitions of Value, p.1)
Used For: Quick & forced sale purposes.