Frederick & Company is experienced when you need appraisals for foreclosures in Monroeville
Real Estate in foreclosure and properties that have gone back to the financial institution's holding present specific appraisal difficulties.
When dealing with a house in foreclosure, it's important to ascertain the difference between fair market worth and "quick disposition" price to evaluate your potential charge-off liability. Frederick & Company has the background in both producing snapshots of fair market value for our mortgage originating clients, as well as "quick sale" forecasts that take into consideration your timeline.
You need a company who has the qualifications to work with the particular dynamics of a foreclosure appraisal. Contact Frederick & Company for a company you can rely on.
Occupants of homes in foreclosure might be uncooperative to allowing an inspection of the home, thus presenting unique challenges. Often the houses have been intentionally damaged, unfortunately at the hands of the residents. Or, it's common to find a house at least abandoned or the home neglected for extended periods of time.
You'll be interested in an expedited disposition if the home has already reverted to Real Estate Owned. So you might want to know about and compare three values: as-is, as repaired, and "quick sale." These correspond to the value of the home without any work done to it, with the work due to make the house marketable at full market value consistent with similar homes in the area, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, probably to someone who'd rather finish the job themselves. Again, we understand your timeline and the special circumstances of an REO house, in addition to the unique information you'll need -- competing listings, neighborhood trends, and so forth. You can count on Frederick & Company to handle the task of your bank owned property professionally and efficiently. Contact us today.