Foreclosure and Real Estate Owned Appraisals in Suffolk County
Properties in foreclosure and houses that have returned to the institution's holding create various appraisal difficulties.
For a property in foreclosure, you might need to know the gap between fair market and "quick disposition" price to know your probable charge-off liability. At All Pro Appraisals, we have the training in both providing snapshots of fair market value for our mortgage servicing clients, in addition to "quick sale" forecasts that understand your time line.
The professionals at All Pro Appraisals have the expertise to handle the special dynamics of a foreclosure appraisal. Contact All Pro Appraisals for a company you can count on.
Specific challenges can be present when working with owners of property in foreclosure. They might be disinclined to allow an inspection of the property. If they moved out of the property already, they may have overlooked the care of the property for quite some time - or worse, damaged the house.
For real estate that has already changed to Real Estate Owned, you most likely will want to get rid of it quickly . But you may want to know about and examine three values: as-is, as repaired, and "quick sale." These correspond to the value of the house without any repairs done to it, with the work needed to make the house marketable at full market value corresponding with the other properties in the area, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, most likely as a "fixer-upper". Again, we understand your timeline and the special circumstances of a Real Estate Owned house, in addition to the unique data you will need -- competing listings, neighborhood trends, and the like. You can bank on All Pro Appraisals to take on the task of your bank owned property with expertise and professionalism. Contact us today.