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A home owner defaults and he has three mortgages on the house. At the time of the default, the first lien has a balance of

A home owner defaults and he has three mortgages on the house.
At the time of the default,
the first lien has a balance of $100,000,
the second lien has a balance of $200,000,
the third lien has a balance of $350,000,
and he also owes $5000 in property taxes.
The recovery rate for the third lien holder equals 50%.
The house price is sold for $ ________ in the foreclosure auction.

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