MJ Valuations is experienced when you need appraisals for bank owned properties

Houses in foreclosure and houses that have returned to the financial institution's control create specific appraisal problems.

You need to differentiate the difference between fair market price and "quick disposition" worth to know your likely charge-off liability when dealing with a property in foreclosure. MJ Valuations has the background in both supplying snapshots of fair market value for our mortgage lending clients, as well as "quick sale" forecasts that take into consideration your timeline.

We have the qualifications to handle the particular dynamics of a foreclosure appraisal. For a company you can trust, contact MJ Valuations.

Owners of homes in foreclosure, of course, can present special challenges. They could be opposed to allowing an inspection of the house. They may have abandoned the house already and/or overlooked the care of the home for some time - or worse, ransacked the home.

You will be interested in a speedy disposition if the home has already reverted to REO. So you may want to understand and review three values: as-is, as repaired, and "quick sale." These correspond to the value of the house without any repairs done to it, with the repairs due to make the property marketable at full market value comparable with similar houses in the neighborhood, and, somewhere in between, with minor investment in repairs - selling the property quickly, most likely to someone who'd prefer to finish the job themselves. Again, we understand your time line and the unique situation of an REO property, as well as the unique data you will need -- competing listings, market trends, and the like. You can bank on MJ Valuations to take on the appraisal of your bank owned property with expertise and professionalism. Contact us today.