Frederick & Company is a company you can trust when you need appraisals for bank owned properties in Allegheny
There are specific appraisal problems when it comes to a property in foreclosure or one that has reverted to the lender's possession.
When dealing with a house in foreclosure, it's important to recognize the difference between fair market value and "quick disposition" worth to analyze your likely charge-off liability. Frederick & Company has the experience in both supplying snapshots of fair market value for our mortgage originating clients, in addition to "quick sale" forecasts that respect your time constraints.
The professionals at Frederick & Company have the expertise to work with the particular dynamics of a foreclosure appraisal. Contact Frederick & Company for a company you can rely on.
Unique challenges might be present when dealing with owners of homes in foreclosure. They could be uncooperative to allowing an inspection of the house. They might have left the house already and/or overlooked the care of the house for awhile - or unfortunately, caused damage to the home.
For a home that has already returned to Real Estate Owned, you most likely will be interested in a quick resolution . However, you might want to understand and analyze three values: as-is, as repaired, and "quick sale." These symbolize the value of the house without any work done to it, with the repairs required to make the home 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, most likely as a "fixer-upper". Again, we understand your time line and the specific situation of an REO house, in addition to the special data you will need -- competing listings, neighborhood trends, and the like. You can bank on Frederick & Company to handle the task of your REO with expertise and professionalism. Contact us today.