What means Foreclosure value?

Foreclosure value refers to the amount (value) of movable or immovable property that the property is expected to yield/" title="yield">yield in the event of a forced sale and is determined by appraisal.

For banks and other financial institutions, this value is important if you want to take out a business mortgage.

The foreclosure value of an existing commercial property is generally 80-85% of the normal sales price (appraised value) of the home, while the foreclosure value of a new-build property is 90% of the property price.