Frederick & Company is experienced when you need appraisals for bank owned properties in Monroeville
Real Estate in foreclosure and houses that have returned to the institution's holding create special appraisal problems.
For a house in foreclosure, you should understand the difference between fair market value and "quick disposition" price to know your likely charge-off liability. Frederick & Company has the training in both supplying snapshots of fair market value for our mortgage originating clients, as well as "quick sale" forecasts that respect your time line.
You need a company with the qualifications to work with the specific dynamics of a foreclosure appraisal. Contact Frederick & Company for a company you can rely on.
Owners of properties in foreclosure, of course, can present unique challenges. They could be opposed to allowing an inspection of the property. If they abandoned the home already, they might have ignored the care of the property for some time - or unfortunately, caused damage to the property.
For a home that has reverted to REO, you likewise will be seeking a speedy resolution . However, you might want to know about and analyze three values: as-is, as repaired, and "quick sale." These symbolize the worth of the house without any repairs performed, with the repairs due to make the home marketable at full market value corresponding with the other homes in the neighborhood, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, likely as a "fixer-upper". Again, we understand your urgency and the specific circumstances of an REO house, as well as the special data you'll need -- competing listings, market trends, and so forth. You can rely on Frederick & Company to take on the task of your REO with expertise and professionalism. Contact us today.