Call Clear Valuation when you need valuations regarding Palm Beach foreclosures

REO and Foreclosure Appraisals in Palm Beach County

Houses that have reverted to the institution's holding and houses in foreclosure present specific appraisal problems.

When there is a house in foreclosure, it's important to differentiate market value versus a "quick disposition" assessment to evaluate your likely charge-off liability. Clear Valuation has the training in both supplying snapshots of market value for our mortgage originating clients, in addition to "quick sale" forecasts that respect your time constraints.

The professionals at Clear Valuation have the qualifications to deal with the specific dynamics of a foreclosure appraisal. For a company you can count on, contact Clear Valuation.

Special challenges can be present when dealing with owners of homes in foreclosure. They could be opposed to allowing an inspection of the home. Sometimes the subjects show signs of vandalism, unfortunately at the hands of the former residents themselves. Or, it's likely you'll discover a house at least abandoned or the home languishing in disrepair for extended periods of time.

For real estate that has gone back to REO, you most likely will be going for an expeditious resolution. Regardless, you'll still want to consider three angles for determining the value of the asset (or in some cases, liability):

  • As Repaired. Possible market value with the work needed to make the property marketable at full market value - appropriate with similar properties in the area
  • As-is. The market value of the house without any repairs performed
  • Quick sale. Somewhere in between, with minor investment in repairs - to offload the home quickly, seemingly as a "fixer-upper"
Again, we understand your time line and the unique situation of a bank owned home, as well as the special information you'll need - competing listings, market trends, and the like. You can count on Clear Valuation to take on the appraisal of your bank owned property professionally and efficiently. Contact us today.