Call James M. Hanson Associates, Inc. to order valuations pertaining to Cape May foreclosures

James M. Hanson Associates, Inc. is experienced when you need appraisals for foreclosures in Cape May County

Homes that have reverted to the financial institution's possession and houses in foreclosure bring forth specific appraisal challenges.

For a home in foreclosure, you should understand the gap between market price and a "quick disposition" assessment to know your probable charge-off liability. James M. Hanson Associates, Inc. has the training in both presenting snapshots of market value for our mortgage originating clients, as well as "quick sale" forecasts that respect your time line.

We have the experience to handle the specific dynamics of a foreclosure appraisal. Contact James M. Hanson Associates, Inc. for a company you can rely on.

Occupants of homes in foreclosure might be disinclined to allow an inspection of the home, thus presenting unique challenges. They may have abandoned the house already and/or neglected care of the home for awhile - or even worse, caused damage to the property.

For a house that has gone back to Real Estate Owned, you probably will be going for a quick resolution. In any case, you'll still want to consider three ways of determining the value of the asset:

  • As Repaired. Value with the work due to make the property marketable at full market value - in accordance with other properties in the area
  • As-is. The market value of the property without any work done to it
  • Quick sale. Somewhere in the middle, with minor investment in repairs - to offload the property quickly, likely to someone who'd prefer to finish the job themselves
Again, we understand your time line and the unique situation of a bank owned property, as well as the specific information you'll need - competing listings, market trends, and the like. You can rely on James M. Hanson Associates, Inc. to take on the task of your REO professionally and efficiently. Contact us today.