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