Frederick & Company is experienced when it comes to bank owned properties in Allegheny
Homes in foreclosure and houses that have reverted to the institution's ownership present special appraisal challenges.
You need to recognize the difference between fair market price and "quick disposition" value to analyze what losses you might have to endure when dealing with a home in foreclosure. The professionals at Frederick & Company can provide both snapshots of fair market value for our mortgage servicing clients, in addition to "quick sale" forecasts that respect your time line.
The professionals at Frederick & Company have the training to deal with the particular dynamics of a foreclosure appraisal. For a company you can count on, contact Frederick & Company.
Owners of property in foreclosure could be opposed to allowing an inspection of the house, thus presenting special challenges. They could have moved out of the home already and/or neglected care of the house for quite awhile - or worse, caused damage to the home.
If your property has gone back to REO, you will interested in an expedited disposition. However, you might want to understand and examine three values: as-is, as repaired, and "quick sale." These symbolize the worth of the home without any work performed, with the work required to make the home marketable at full market value corresponding with competing real estate in the neighborhood, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, seemingly as a "fixer-upper". Again, we understand your time line and the unique situation of a bank owned property, in addition to the special information you will need -- competing listings, market trends, and the like. You can count on Frederick & Company to take on the appraisal of your bank owned property professionally and efficiently. Contact us today.