Foreclosure Appraisal in Westchester County
Houses that have reverted to the bank's holding and homes in foreclosure create special appraisal problems.
For a home in foreclosure, you should recognize the difference between the fair market and "quick disposition" worth to know your likely charge-off liability. We can provide both snapshots of fair market value for our mortgage originating clients, in addition to "quick sale" forecasts that take into account your time line.
The professionals at Classic Appraisals, LLC Online have the training to handle the special dynamics of a foreclosure appraisal. Contact Classic Appraisals, LLC Online for a company you can rely on.
Occupants of properties in foreclosure might be opposed to allowing an inspection of the house, thus presenting particular challenges. They could have abandoned the house already and/or neglected care of the house for awhile - or in some cases caused damage to the home.
For real estate that has returned to bank owned, you probably will be interested in a fast resolution . However, you might want to understand and compare three values: as-is, as repaired, and "quick sale." These correspond to the value of the property without any work done to it, with the repairs called for to make the property marketable at full market value consistent with competing real estate in the area, and, somewhere in between, with minor investment in repairs - selling the property quickly, possibly to someone inclined to finish the job themselves. Again, we understand your timeline and the specific circumstances of a bank owned home, as well as the unique data you will need -- competing listings, market trends, and so forth. You can rely on Classic Appraisals, LLC Online to take on the task of your bank owned property professionally and efficiently. Contact us today.