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A property has a current market value of $550,000, selling costs of $27,000, and a current loan balance of $215,000. What is the cash out

A property has a current market value of $550,000, selling costs of $27,000, and a current loan balance of $215,000. What is the cash out potential?

Question options:

$577,000

$308,000

$335,000

$765,000

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