Call Jensen Appraisals Inc to discuss valuations regarding Palm Beach foreclosures

REO and Foreclosure Appraisal in Palm Beach County

Homes that have returned to the bank's holding and properties in foreclosure present specific appraisal challenges.

When dealing with a home in foreclosure, it's important to recognize market value versus a "quick disposition" assessment to analyze your probable charge-off liability. At Jensen Appraisals Inc, we have the knowledge in both providing snapshots of market value for our mortgage clients, in addition to "quick sale" forecasts that consider your time line.

We have the training to handle the special dynamics of a foreclosure appraisal. For a company you can count on, contact Jensen Appraisals Inc.

Owners of properties in foreclosure, naturally, can present unique challenges. They might be disinclined to allow us access to the home. They may have deserted the house already and/or neglected care of the house for quite some time - or unfortunately, damaged the property.

For real estate that has changed to REO, you probably will be seeking a quick disposition. In any case, you'll still want to consider three angles for determining the value of the subject property:

  • As Repaired. Possible market value with the work needed to make the home marketable at full market value - commensurate with competing properties in the neighborhood
  • As-is. The market value of the house without any repairs performed
  • Quick sale. With minimal investment in repairs - to offload the home quickly, likely to someone inclined to finish the job themselves
Again, we understand your timeline and the special situation of an REO property, in addition to the specific information you will need - competing listings, neighborhood trends, and the like. You can count on Jensen Appraisals Inc to handle the task of your bank owned property with expertise and professionalism. Contact us today.