Call Superstar Appraisal Services to order valuations for Palm Beach foreclosures

Superstar Appraisal Services is experienced when it comes to bank owned properties in West Palm Beach, Florida

There are various appraisal difficulties when we're talking about a property in foreclosure or one that has returned to the bank's possession.

For a home in foreclosure, you need to recognize the gap between the market price and a "quick disposition" assessment to know your possible charge-off liability. The professionals at Superstar Appraisal Services can provide both snapshots of market value for our mortgage lending clients, in addition to "quick sale" forecasts that understand your time constraints.

Superstar Appraisal Services has the qualifications to deal with the specific dynamics of a foreclosure appraisal. Contact Superstar Appraisal Services for a company you can trust.

Specific challenges may be present when dealing with owners of property in foreclosure. They could be opposed to allowing an inspection of the property. They might have abandoned the home already and/or neglected care of the house for a long time - or even worse, vandalized the house.

For real estate that has already reverted to bank owned, you typically will want it off your hands as quickly as possible. Regardless, you'll still want to consider three angles for looking at the value of the asset:

  • As Repaired. Possible market value with the work called for to make the property marketable at full market value - appropriate with similar homes in the area
  • As-is. The value of the house without any repairs done to it
  • Quick sale. With minor investment in repairs - to get rid of the home quickly, likely as a "fixer-upper"
Again, we understand your urgency and the special situation of a bank owned home, as well as the specific information you'll need - competing listings, market trends, and so forth. You can bank on Superstar Appraisal Services to handle the appraisal of your bank owned property with expertise and professionalism. Contact us today.