Foreclosure and Real Estate Owned Appraisal in Westchester CountyThere are special appraisal difficulties involved in a property in foreclosure or one that has returned to the financial institution's holding.
When dealing with a home in foreclosure, it's important to recognize market value versus a "quick disposition" price to evaluate your potential charge-off liability. At Brickhouse Appraisals, LLC,, we have the background in both furnishing snapshots of market value for our mortgage lending and servicing clients, in addition to "quick sale" forecasts that understand your pressing needs.
Owners of property in foreclosureunfortunately can present unique challenges. They could be unwilling to allow an inspection of the home. If they moved out of the house already, they could have ignored the care of the home for quite some time - or even worse, damaged the home.
If you're dealing with home that has already gone back to bank owned, you will interested in a speedy disposition. However, you may want to understand and review three values: as-is, as repaired, and "quick sale". These correspond to: