Frederick & Company is experienced when it comes to bank owned properties in Allegheny
Real Estate in foreclosure and properties that have reverted to the lender's holding bring forth specific appraisal difficulties.
For a house in foreclosure, you should understand the gap between the fair market and "quick disposition" to know your potential charge-off liability. At Frederick & Company, we have the background in both furnishing snapshots of fair market value for our mortgage originating clients, as well as "quick sale" forecasts that understand your urgency.
You need a company who has the training to work with the particular dynamics of a foreclosure appraisal. For a company you can trust, contact Frederick & Company.
Occupants of in foreclosure could be opposed to allowing an inspection of the home, thus presenting special challenges. Sometimes the homes have been ransacked, unfortunately at the hands of the former residents. Or, it's likely you'll discover nobody has occupied the house for months or the home neglected for extended periods of time.
For real estate that has already reverted to Real Estate Owned, you probably will want it off your hands as quickly as possible . However, you might want to know and analyze three values: as-is, as repaired, and "quick sale." These correspond to the value of the property without any repairs done to it, with the work called for to make the house marketable at full market value appropriate with the other real estate in the neighborhood, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, likely to someone who'd rather finish the job themselves. Again, we understand your urgency and the special situation of a Real Estate Owned home, as well as the special data you will need -- competing listings, market trends, and the like. You can rely on Frederick & Company to handle the task of your bank owned property with expertise and professionalism. Contact us today.